Financial Aid Quiz

I am a loan issued in the student’s name and become his/her debt upon graduation.

• Federal Direct Subsidized or Unsubsidized Loan

• Mortgage

• Federal PLUS Loan

• Private Loan

I am the Federal loan issues to a student's parents

• Grant

• Private Loan

• Federal PLUS Loan

• Federal Direct Subsidized Loan

I am usually need-based financial aid that does NOT need to be paid back.

• Scholarship

• Grant

• Financial Aid

• Loan

I am a loan issued by a bank or credit union.

• Federal Direct Unsubsidized Loan

• Federal Direct Subsidized Loan

• Private Loan

• Federal PLUS Loan

I am the Federal loan that begins to accumulate interest as soon as I am issued.

• Subsidized

• Unsubsidized

• Private

• PLUS

I am the loan that you may have to begin paying back while the student is still in school.

• Federal Direct Unsubsidized Loan

• Federal Direct Subsidized Loan

• Federal PLUS Loan

• Private Loan

I am usually merit-based financial aid that does NOT need to be paid back.

• Scholarships

• Grants

• Federal Direct

• Federal PLUS

I am the loan that the Federal govt. pays the interest while a student is still in school.

• Federal PLUS Loan

• Federal Direct Subsidized Loan

• Federal Direct Unsubsidized Loan

• Scholarship

I am the financial aid that you can find from many different sources for many different criteria.

• Private Loans

• Federal Loans

• Grants

• Scholarships

I am the Federal loan that you do not need to demonstrate financial need to be eligible for.

• Federal Direct Subsidized Loan

• Federal Direct Unsubsidized Loan

• Federal PLUS Loan

• Private Loan