A) It helps banks and other lenders know what interest rate to charge you for student loans B) It helps the government and colleges determine whether you are eligible for academic scholarships. C) It helps colleges and universities determine whether you ca afford on-campus housing. D) It helps the government and colleges determine the level of aid for which you qualify.
A) They offer more programs B) They offer more scholarships and grants. C) They are less expensive D) They are easier to apply to
A) A university work study program. B) Merit Based Financial Aid C) A federal government loan program D) Need-Based Financial Aid
A) In your last year of College B) Within Six Months of Graduation C) When you start to pay taxes. D) When you get a Full-Time Job
A) The FAFSA B) The Work Study C) The Interest D) The Principal
A) Small Private schools charge lower tuition than larger schools. B) All colleges usually charge lower tuition for students who have federal loans. C) State Schools usually charge lower tuition for students living in the state. D) Private Schools usually charge lower tuition for students who do well in high school.
A) Taking out a federal loan and attending a Private College. B) Taking out a Private Loan and attending a State College. C) Taking out a private loan and attending a Private College. D) Taking out a federal loan and attending a state college.
A) Can be pair monthly or yearly. B) Do not affect your credit score. C) Have a fixed interest rate. D) Do not have to be paid back.
A) A University Scholarship Program B) Need- Based Financial Aid C) Merit- Based Financial Aid D) A Federal Government Loan Program
A) Low Credit Scores B) Unusual Interests C) Good Grades D) A Financial Need
A) An application for federal students aid B) A distributor of private student loans. C) A inexpensive state college. D) An office where you can make an appointment to discuss federal loan repayment.
A) A gift the government gives you to pay for a very expensive college. B) Money you can get if you have a high GPA in high school. C) Money all college students receive to pay for college tuition. D) Money you can borrow to pay for college that you will have to repay later.
A) You never get charged interest on student loans. B) You can pay back your loan little by little. C) You have to repay your student loans before you graduate college. D) You only have to repay half of your original student loan.
A) Fee added to the amount you owe. B) Initial amount of money you borrowed. C) Time it takes you to repay your loan. D) Total amount of money you can take out in loans.
A) More likely you are to default. B) Less extra money you will spend paying back your loan. C) More extra money you will spend paying back your loan. D) Higher the interest rate on the loan will become.
A) Building up more interest and repaying less on principal B) Defaulting on his loan. C) Paying more fees directly to the bank. D) Repaying more of his principal and building up less interest.
A) Goes toward paying down your original debt B) Does not go toward repaying the money you initially borrowed. C) Immediately causes you to have bad credit. D) Lowers your principal.
A) Brianna has missed More than 9 months of loan payments. B) Brianna has a history of paying her bills in full and on time. C) Banks will not lend her money. D) Brianna has defaulted on her loans recently.
A) Missed too many payments in a row. B) Never has to repay them. C) Failed to uphold his end of the loan agreement. D) Does not have to repay them for a period of time.
A) Enrolled in the military. B) Missed more than 9 months of loan payments. C) Paid more than his minimum payments. D) Paid his loan payments on time. |