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 less expensive B) They are easier to apply to C) They offer more scholarships and grants. D) They offer more programs
A) A university work study program. B) A federal government loan program C) Need-Based Financial Aid D) Merit Based Financial Aid
A) When you start to pay taxes. B) In your last year of College C) Within Six Months of Graduation D) When you get a Full-Time Job
A) The Work Study B) The Interest C) The Principal D) The FAFSA
A) State Schools usually charge lower tuition for students living in the state. B) Small Private schools charge lower tuition than larger schools. 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 Private College. B) Taking out a federal loan and attending a state college. C) Taking out a Private Loan and attending a State College. D) Taking out a private loan and attending a Private 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) A Federal Government Loan Program B) Merit- Based Financial Aid C) Need- 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 all college students receive to pay for college tuition. B) Money you can borrow to pay for college that you will have to repay later. C) Money you can get if you have a high GPA in high school. 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 can pay back your loan little by little. C) You never get charged interest on student loans. D) You have to repay your student loans before you graduate college.
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) More extra money you will spend paying back your loan. D) Higher the interest rate on the loan will become.
A) Defaulting on his loan. B) Paying more fees directly to the bank. C) Building up more interest and repaying less on principal D) Repaying more of his principal and building up less interest.
A) Goes toward paying down your original debt B) Lowers your principal. C) Does not go toward repaying the money you initially borrowed. D) Immediately causes you to have bad credit.
A) Banks will not lend her money. 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) Brianna has defaulted on her loans recently.
A) Missed too many payments in a row. B) Failed to uphold his end of the loan agreement. C) Does not have to repay them for a period of time. D) Never has to repay them.
A) Missed more than 9 months of loan payments. B) Paid his loan payments on time. C) Paid more than his minimum payments. D) Enrolled in the military. |