College Funding Quiz

What is the total cost of attendance for a college student?

• Only indirect costs

• Only direct costs

• Both direct and indirect costs

• None of the above

What are direct costs for college students?

• Childcare and utilities

• Building maintenance fees and technology fees

• Books and internet service

• Gas and vehicle maintenance

What is the purpose of federal work study for students?

• To help students pay for school

• To provide financial aid for textbooks

• To offer internships

• To provide full-time employment

What is the Free Application For Student Aid (FAFSA) used for?

• To apply for scholarships

• To apply for federal grants and loans

• To apply for private loans

• To apply for tuition reimbursement

What is the main difference between subsidized and unsubsidized federal student loans?

• The federal government pays the interest on unsubsidized loans while in school

• The federal government pays the interest on subsidized loans while in school

• Unsubsidized loans have lower interest rates

• Subsidized loans have higher interest rates

What is the main advantage of private loans for college students?

• Based on financial need rather than credit history

• Higher interest rates than federal loans

• No need for a cosigner

• Lower interest rates than federal loans

What is the purpose of scholarships for college students?

• To offer part-time jobs on campus

• To provide financial aid that doesn't need to be repaid

• To provide need-based financial aid

• To cover all college expenses

What is institutional aid for college students?

• A scholarship based on academic achievement

• Money given directly by the college

• A type of private loan

• A type of federal grant

What is the main benefit of attending a community college before a university?

• Higher up-front costs

• No need to plan ahead for college tuition

• More specific career focus

• Lower cost for general education credits

What is the purpose of CLEP for college students?

• To offer part-time jobs on campus

• To provide need-based financial aid

• To cover all college expenses

• To complete tests in lieu of taking introductory courses