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 whether you are eligible for academic scholarships. C) It helps colleges and universities determine whether you ca afford on-campus housing. D) It helps the government and colleges determine the level of aid for which you qualify.
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 university work study program. C) Merit Based Financial Aid D) A federal government loan program
A) Within Six Months of Graduation B) In your last year of College C) When you get a Full-Time Job D) When you start to pay taxes.
A) The Work Study B) The Principal C) The Interest D) The FAFSA
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 private loan and attending a Private College. C) Taking out a federal loan and attending a Private College. D) Taking out a Private Loan and attending a State College.
A) Do not have to be paid back. B) Have a fixed interest rate. C) Can be pair monthly or yearly. D) Do not affect your credit score.
A) Need- Based Financial Aid B) A Federal Government Loan Program C) Merit- Based Financial Aid D) A University Scholarship Program
A) Low Credit Scores B) A Financial Need C) Unusual Interests D) Good Grades
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) 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 can pay back your loan little by little. B) You never get charged interest on student loans. 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) Total amount of money you can take out in loans. B) Initial amount of money you borrowed. 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) Paying more fees directly to the bank. B) Defaulting on his loan. C) Building up more interest and repaying less on principal D) Repaying more of his principal and building up less interest.
A) Immediately causes you to have bad credit. B) Goes toward paying down your original debt C) Does not go toward repaying the money you initially borrowed. D) Lowers your principal.
A) Brianna has missed More than 9 months of loan payments. B) Banks will not lend her money. C) Brianna has a history of paying her bills in full and on time. D) Brianna has defaulted on her loans recently.
A) Missed too many payments in a row. B) Never has to repay them. C) Does not have to repay them for a period of time. 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. |