Financing Education

Which of the following options will likely be MOST expensive?

• Private loan

• Grant

• Unsubsidized federal student loan

• Subsidized federal student loan

This is the form you must fill out before going to college in order to get aid from the government to pay for college

• FAFSA
• FASAF
• FASFA
• AFSAF

Private student loans have better interest rates than government student loans

• True
• False

Tags

CCSS.6.EE.B.8

This is money you can get to pay for college, which has to be paid back.

• Scholarhip
• Grant
• Student Loan
• College Savings

Which of the following statements is TRUE about the advantages of federal student loans compared to private student loans?

• Federal student loans generally offer higher interest rates which remain fixed over the term of the loan
• Federal student loans do not need to be repaid if the borrower runs into financial difficulty and goes bankrupt
• Federal student loans require a credit check
• Federal student loans offer more flexible repayment terms

A subsidized loan is when ____________________ pays the interest while you are in school, while an unsubsidized loan is when ___________________ pays the interest while you are in school.

• the government; parents
• the borrower; parents
• the borrower; the government
• the government; the borrower

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The time between when you graduate and when you must begin repayment of student loans

• subsidized
• award letter
• grace period
• unsubsidized

A _________________ allows students to work on or off campus to earn money to help pay college costs.

• scholarship
• grant
• federal work study
• federal loan

Scholarships and _______________ are both types of gift aid that do not have to be re-paid.

• grants
• federal work study
• scholarships
• alternative loans

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

___________________________ is funding to a student to help pay for education-related expenses.

• financial aid
• fee
• room and board
• loan entrance counseling