What loan is based on financial need?

Types of Student Loans

Quiz
•
English
•
11th Grade
•
Medium
Liz Fernandez
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct Plus Loans
Private Loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a federally run program based on need and administered by a college's financial aid office. Repayment does not begin until student graduates.
Credit Score
Promissory Note
Federal Perkins Loan Program
interest rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loan in which your school will determine how much you can borrow, based on the cost of attendance and how much other financial aid you’re receiving.
Private Loans
Parent loans
Direct Subsidized Loans
Direct Unsubsidized Loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A written contract with a promise to pay a supplier a specific sum of money at a definite time.
Promissory Note
Interest Rate
Credit Score
Direct Consolidation Loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loans that are credit-based, unsubsidized federal loans for parents and graduate/professional students.
Private Student Loan
Direct Plus Loan
Parent Loan
Private Loan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rating used by credit reporting companies to help lenders decide whether and/or how much credit can be extended to a borrower.
Promissory Note
Interest Rate
Credit Score
Loan
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Percentage of amount borrowed to be added to the amount loaned and paid back.
Credit Score
Promissory Note
Loan Program
Interest Rate
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