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 the level of aid for which you qualify. C) It helps colleges and universities determine whether you ca afford on-campus housing. D) It helps the government and colleges determine whether you are eligible for academic scholarships.
A) They are easier to apply to B) They offer more programs C) They offer more scholarships and grants. D) They are less expensive
A) Need-Based Financial Aid B) A federal government loan program C) Merit Based Financial Aid D) A university work study program.
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 FAFSA B) The Principal C) The Work Study 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 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 have to be paid back. B) Can be pair monthly or yearly. C) Do not affect your credit score. D) Have a fixed interest rate.
A) A University Scholarship Program B) Merit- Based Financial Aid C) A Federal Government Loan Program D) Need- Based Financial Aid
A) A Financial Need B) Low Credit Scores C) Good Grades D) Unusual Interests
A) An application for federal students aid B) An office where you can make an appointment to discuss federal loan repayment. C) A distributor of private student loans. D) A inexpensive state college.
A) Money all college students receive to pay for college tuition. B) Money you can get if you have a high GPA in high school. 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 only have to repay half of your original student loan. B) You never get charged interest on student loans. C) You can pay back your loan little by little. D) You have to repay your student loans before you graduate college.
A) Initial amount of money you borrowed. B) Fee added to the amount you owe. C) Time it takes you to repay your loan. D) Total amount of money you can take out in loans.
A) More 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) Less 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) Building up more interest and repaying less on principal D) Defaulting on his loan.
A) Lowers your principal. B) Goes toward paying down your original debt C) Immediately causes you to have bad credit. D) Does not go toward repaying the money you initially borrowed.
A) Brianna has defaulted on her loans recently. B) Brianna has missed More than 9 months of loan payments. C) Banks will not lend her money. D) Brianna has a history of paying her bills in full and on time.
A) Never has to repay them. B) Failed to uphold his end of the loan agreement. C) Does not have to repay them for a period of time. D) Missed too many payments in a row.
A) Paid more than his minimum payments. B) Paid his loan payments on time. C) Missed more than 9 months of loan payments. D) Enrolled in the military. |