Student Loans 10-16-2025

Match

Match the following:

• Grant

• Student loan

• Work study

• Scholarship

money given that does not have to be paid back

money borrowed by the student that must be paid back

a way for students to earn money to pay for school by working part-time jobs

money awarded based on academic and other achievements

• money given that does not have to be paid back

• money borrowed by the student that must be paid back

• a way for students to earn money to pay for school by working part-time jobs

• money awarded based on academic and other achievements

Multiple Choice

What is a major advantage of receiving Financial Aid?

• It increases the national debt.

• It has to be repaid by everyone, regardless of circumstances.

• It can make education more accessible.

• It guarantees a high-paying job after graduation.

Multiple Choice

What is Financial Aid?

• A loan that must be repaid with high interest

• Money that is given to pay for students' education

• A type of investment in stocks

• A mandatory fee for all college students

Multiple Choice

Which of the following is NOT a common source of financial aid for students?

• U.S. federal government

• State where you live

• College you attend

• Local grocery store

Open Ended

Why is it important for students to understand their financial aid options before starting college or career school?

Multiple Choice

When you fill out the FAFSA, which three types of aid are you applying for?

• Grants, Work-Study, Loans

• Scholarships, Grants, Loans

• Work-Study, Scholarships, Loans

• Grants, Scholarships, Work-Study

Multiple Choice

Which of the following statements about scholarships is true?

• Scholarships must be repaid after graduation.

• Scholarships are only available to graduate students.

• Scholarships can come from a variety of sources and do not have to be repaid.

• Scholarships are always based on financial need.

Multiple Select

Select all that apply: What are typical characteristics of work study jobs?

• Part-time employment for students with financial need

• Jobs related to civic education or your field of study

• Full-time employment for all students

• May be on or off campus

Open Ended

Explain the difference between a Federal Pell Grant and a student loan in terms of repayment and eligibility.

Open Ended

List two advantages of taking out federal student loans compared to private loans.

Multiple Choice

Which of the following is a key difference between Direct Subsidized Student Loans and Direct Unsubsidized Student Loans?

• Subsidized loans require financial need and the government pays interest while in school, while unsubsidized loans do not require financial need and interest accrues immediately.

• Unsubsidized loans require financial need and the government pays interest while in school, while subsidized loans do not require financial need and interest accrues immediately.

• Both require financial need and the government pays interest for both while in school.

• Neither requires financial need and interest does not accrue until after graduation.

Multiple Choice

What are the eligibility requirements for a PLUS loan?

• The borrower must have an adverse credit history.

• The U.S. Department of Education is the lender, and the borrower must not have an adverse credit history.

• The loan is only available to undergraduate students.

• The maximum loan amount is determined by the borrower's income.

Open Ended

Compare the main differences between federal student loans and private student loans.

Open Ended

What is the difference between federal and private student loans?

Multiple Choice

Which of the following statements about student loan repayment is correct?

• Most student loans require repayment to begin immediately after graduation.

• Most student loans have a six month grace period before repayment begins.

• All student loans are automatically forgiven after graduation.

• One quarter to one third of borrowers never make a payment on their loans.

Open Ended

Describe the trend in cumulative student loan debt growth compared to household debt less student loan debt since 1999.

Open Ended

Explain how extending your loan repayment term affects both your monthly payment and the total cost of your loan.

Multiple Choice

Which repayment plan results in the highest total payment for a $25,000 unsubsidized Stafford loan at 6.8% interest?

• Standard - 10 Years

• Extended - 12 years

• Extended - 25 years

• Extended - 30 years

Multiple Choice

Select all repayment options that base payments on the borrower's income.

• Income-Based Repayment

• Graduated Repayment

• Standard Repayment

• Extended Repayment

Multiple Choice

What is one potential drawback of consolidating your student loans after graduation?

• You may lose the option of deferment or forbearance

• Your interest rate will always increase

• You cannot lower your monthly payments

• You must pay off all loans immediately

Multiple Choice

Which of the following best describes the purpose of student loan forgiveness programs?

• To encourage young people to give back to society through public service

• To reduce the interest rate on student loans

• To eliminate the need for student loans

• To provide scholarships to all students

Open Ended

Explain the difference between deferment and forbearance in student loan repayment. Provide an example of when each might be used.

Multiple Choice

Which of the following options can help borrowers facing short-term financial difficulty with their student loans?

• Economic Hardship Deferment

• Income-based repayment

• Extended repayment

• Loan consolidation

Open Ended

What is the difference between a deferment and forbearance? If you had the choice, which would you rather have? Why?

Open Ended

What advice would you give Anna regarding her college tuition and financial aid options?

Open Ended

Reflecting on today's lesson about student loans and financial aid options, what is one question you still have or one thing you would like to know more about?

Multiple Choice

Which of the following is NOT a source of financial aid for college or career school?

• U.S. federal government

• State where you live

• College you attend

• Your local grocery store