paying for college
11th - 12th Grade
•6 Qs
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paying for college
Quiz
•
Business
•
11th - 12th Grade
•
Medium
Diane Mondoro
Used 3+ times
FREE Resource
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6 questions
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1.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Free money available for college or trade school
grants
scholarships
work- study programs
loans
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
This loan requires a credit check and is usually offered at a higher interest rate
Direct subsidized loan
Direct unsubsidized loan
PLUS loan
private loan
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The government pays your interest while you are in school - you are responsible for loan and interest when you finish.
Direct subsidized loan
Direct unsubsidized loan
PLUS loan
private loan
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
You are required to begin repayment on any federal loan within 6 months of leaving school, even if you dropout
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Rule of thumb for student loans:
Loan for 1 year should be less then your 1st year salary
Total debt should be less than 1st year salary
Loan for 1 year should be equal to 1st year salary
Total debt should be 2x that of 1st year salary
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
You need to fill out the FAFSA to be eligible for grants, loans, and some scholarships.
True
False
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