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