Student Loans

Which is not one of the three primary ways people fund their college eduction

• scholarships

• grants

• loans

• borrowing from their neighbor

Which is not a factor you should consider before applying for a college loan:

• interest rate

• impact on credit score

• impact on budget

• the car you drive

When are you typically required to start repaying loans

• right away

• After your first class

• after you graduate

• after your first semester

When looking for the best student loans look for....

• high interest rates

• low interest rates

Federal loans typically offer...

• lower interest rates

• higher interest rates

Federal Direct Loans come in two forms: which is not an example.

• subsidized

• unsubsidized

• Plus Loans

With Direct subsidized loans as long as you stay enrolled they will pay your interest

• true

• false

Direct unsubsidized loans the government...

• pay for interest

• doesn't pay for interest

You can start paying for direct unsubsidized loans while still in school

• true

• false

PLUS Loans target the following besides....

• Parent who want to help finance their childs undergrad

• Grad students with or without financial need

• Applicants with low credit score