Paying for College - Unit Test

Paying for College - Unit Test

12th Grade

22 Qs

quiz-placeholder

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Paying for College - Unit Test

Paying for College - Unit Test

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Jillian Lawson

Used 9+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a period of financial hardship, you can apply for this to pause student loan payments while interest still builds…

Grace period
Grants and scholarships
FAFSA
Forbearance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?

Private loans, Federal loans, Work-study, Grants/Scholarships
Grants/Scholarships, Work-study, Federal loans, Private loans
Work-study, Grants/Scholarships, Federal loans, Private loans
Federal loans, Grants/Scholarships, Work-study, Private loans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order to qualify for financial aid, which application must you submit?

FAFSA
PLUS
SAVE
SAI

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the formulas below correctly calculates net price?

Sticker price - student loans = net price
Grants and scholarships + student loans = net price
Sticker price - grants and scholarships = net price
Sticker price + grants and scholarships = net price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government makes interest payments on __________ while you’re enrolled in school at least half-time.

Work-Study
Subsidized federal loans
Unsubsidized federal loans
Grants

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a direct cost of attendance?

Travel expenses
Cell phone bill
Tuition
Food and entertainment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who receives and uses the information submitted in your FAFSA?

Your employer to see if you’ll still be able to work while attending college
Your parents to keep track of your progress at college
The federal government for tax purposes
The schools you’ve applied to and your state government to determine your eligibility for financial aid

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