Financing your Education

Financing your Education

12th Grade

17 Qs

quiz-placeholder

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Financing your Education

Financing your Education

Assessment

Quiz

Other

12th Grade

Hard

Created by

Milagros Perez

Used 1+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

Types of Aid to Pay for College

Grants

Work study

Loans

Scholarship

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A grant requires you to repay the money you borrow, whereas a loan does not.

True

False

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Free Application for Federal Student Aid (FAFSA), is used to qualify for both federal and state aid.

True

False

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The RISE Act allows qualifying undocumented and transgender students to apply for state financial aid programs.

True

False

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A grant program administered by the Illinois Student Assistance Commission and funded by the State of IL.

Pell

MAP

TEACH

Illinois Cares

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are four types of Direct Loans available?

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.

are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required.

are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.

are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.

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