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