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