Financial Literacy
Quiz
•
Other
•
University
•
Hard
Ellie Holliday
Used 23+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pell grant eligibility must be renewed every academic year.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You do not need to pay back your student loans if you go bankrupt.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Federal PLUS loans are available to graduate students or to parents of undergraduate students
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In terms of federal student aid, full-time students are those who take at least 12 credit hours per semester.
True
False
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
If you are eligible for a Pell Grant, the amount of money you will receive depends on WHICH of the following? Select all that apply.
Your "student aid index"
The cost of attendance for your university
Your part- or full-time status
Your plans to attend school for a full academic year or less
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If you received federal loans, when will you first have to start paying them back? (Let’s assume that you are not enrolled in another college or graduate school after you graduate.)
While you are in college
The first month after you leave college
Six months after you leave college
One year after you leave college
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which is NOT CORRECT about federal (direct) subsidized and unsubsidized loans?
You can determine the amount of money you borrow from these loans.
Subsidized loans are only available to undergraduate students with financial needs.
The federal government pays interests on subsidized loans while students are in school at least half-time.
Interest rates on subsidized and unsubsidized loans are the same.
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