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