3.1-3.4 Credit and Loans

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

A federal student loan is provided by...

• Private companies
• The state you live in
• US Federal government
• Investors

A majority of students receive student loans/aid to help pay for college

• True
• False

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

• Scholarhip
• Grant
• Student Loan
• College Savings

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

Which federal loans are available for parents to take out for their children's education?

• Perkins Loans
• Direct PLUS Loans
• Subsidized Direct Loans
• Unsubsidized Direct Loans

what are ways to avoid paying or minimizing your student loan debt?

• obtain Scholarships/ Financial Aid
   join debt relief government programs make timely payments on loan/ get a public service job, government or non profit.
• buy food and forget about it
• make more late payments
• take out another loan to pay off that loan

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