FA Unit Exam Review

Quiz
•
Other
•
11th - 12th Grade
•
Medium
Janixa Mejias
Used 12+ times
FREE Resource
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All federal loans are administered by?
US Government
MA
Individual Colleges/ Universities
Private Companies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Direct Subsidized and Unsubsidized loans have a low fixed interest rate of _____
43.99%
18%
6.53%
5.05%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The max total amount of Direct Subsidized and Unsubsidized loans dependent students can borrow during their first year?
$5500
$7500
$6500
$31000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If given a choice between a Federal Unsubsidized or Subsidized loan, which one would you choose?
Direct PLUS Loans
Private Loans
Direct Subsidized Loan
Direct Unsubsidized Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of Direct Loan is NOT offered to undergraduate students or their parents under the Direct Loan Program?
Subsidized Loans
Consolidation Loans
Unsubsidized Loans
PLUS loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Federal Direct Loans accrue interest on a ____ basis.
monthly
yearly
daily
quarterly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a Federal Direct Loan is in Repayment Status, loan is paid off on a(n) ____ basis.
monthly
yearly
daily
quarterly
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