A) It helps the government and colleges determine whether you are eligible for academic scholarships. B) It helps the government and colleges determine the level of aid for which you qualify. C) It helps banks and other lenders know what interest rate to charge you for student loans D) It helps colleges and universities determine whether you ca afford on-campus housing.
A) They are easier to apply to B) They offer more scholarships and grants. C) They are less expensive D) They offer more programs
A) Merit Based Financial Aid B) A federal government loan program C) Need-Based Financial Aid D) A university work study program.
A) In your last year of College B) When you start to pay taxes. C) Within Six Months of Graduation D) When you get a Full-Time Job
A) The Work Study B) The FAFSA C) The Principal D) The Interest
A) Small Private schools charge lower tuition than larger schools. 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) All colleges usually charge lower tuition for students who have federal loans.
A) Taking out a federal loan and attending a state college. B) Taking out a federal loan and attending a Private College. C) Taking out a private loan and attending a Private College. D) Taking out a Private 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) Need- Based Financial Aid B) Merit- Based Financial Aid C) A University Scholarship Program 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 inexpensive state college. C) A distributor of private student loans. 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 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 can pay back your loan little by little. 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 never get charged interest on student loans.
A) Initial amount of money you borrowed. B) Total amount of money you can take out in loans. C) Time it takes you to repay your loan. D) Fee added to the amount you owe.
A) Less extra money you will spend paying back your loan. B) More likely you are to default. C) Higher the interest rate on the loan will become. D) More extra money you will spend paying back your loan.
A) Repaying more of his principal and building up less interest. B) Paying more fees directly to the bank. C) Defaulting on his loan. D) Building up more interest and repaying less on principal
A) Does not go toward repaying the money you initially borrowed. B) Goes toward paying down your original debt C) Immediately causes you to have bad credit. D) Lowers your principal.
A) Brianna has defaulted on her loans recently. B) Brianna has missed More than 9 months of loan payments. C) Brianna has a history of paying her bills in full and on time. D) Banks will not lend her money.
A) Missed too many payments in a row. B) Failed to uphold his end of the loan agreement. C) Never has to repay them. D) Does not have to repay them for a period of time.
A) Paid more than his minimum payments. B) Enrolled in the military. C) Paid his loan payments on time. D) Missed more than 9 months of loan payments. |