Student Financing

Leo was awarded federal aid that does not have to be repaid. What type of aid does Leo have?

• Federal Pell Grant

• CalSTRS

• CRSPR

• Rich boy

What type of financial aid must be repaid with interest?

• Students Loans

• FAFSA

• CALSTRS

• Work Study

What is the typical grace period for a Stafford loan after graduation?

• 6 months

• 3 months

• 1 year

• 1 month

Abby has a loan that does NOT require students to demonstrate financial need, but does accrue interest while she is in school. What type of aid does Abby have?

• unsubsidized student loans

• subsidized student loans

• Federal Pell Grant

• Parent PLUS loan

Chloe will be a dependent undergraduate student next fall. Her mom has a good credit history and is willing to take out the loan for Chloe’s education. What type of loan can Chloe’s mom take out?

• PLUS loan

• Parent to Student Lending Loan

• Subsidized Parent Loan

• Unsubsidized Parent loan

Craig is exceptionally talented in art. He has been awarded financial aid because of his special ability that does not have to be repaid. What type of financial aid has he most likely been awarded?

• Scholarship

• Grant

• Free Loan

• Federal Pell Grant

Jackson received his first student loan repayment schedule. He notices he is on the standard repayment plan. What term length does Jackson most likely have?

• 10 years

• 5 years

• 1 year

• 20 years

Tasha has a subsidized student loan. She has decided to return to school for a graduate degree but doesn’t know how she will manage the debt while she is a full-time student. Her friend tells her she may be able to postpone payments on the loan without interest accruing until she graduates. What is her friend talking about?

• deferment

• annulment

• Deal

• She doesn't know what she's talking about

How often does the FAFSA have to be completed?

• Every School year

• Only once

• Every 2 school years

• Only during high school

This is the largest provider of student financial aid in the nation?

• U.S department of education

• D.E.A

• F.B.I