Types of Student Loans

Types of Student Loans

11th Grade

10 Qs

quiz-placeholder

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Types of Student Loans

Types of Student Loans

Assessment

Quiz

English

11th Grade

Medium

Created by

Liz Fernandez

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What loan is based on financial need?

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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