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Paying for College

Authored by Nicholas Lackey

Social Studies

12th Grade

Used 7+ times

Paying for College
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

FAFSA

SAVE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government makes interest payments on ________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.

Subsidized federal loans

Unsubsidized federal loans

3.

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 accrues...

Grace period

Forbearance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What types of money are used in paying for college and in what order should you use them?

Your money, free money, borrowed money

Free money, your money, borrowed money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Tuition

Food and entertainment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who receives and uses the information submitted in your FAFSA?

The federal government for tax purposes

The schools you’ve applied to and your state government to determine your eligibility for financial aid

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Although it's not a type of financial aid, how can transferring credits from a community college help save you money on college costs?

It reduces the amount of credits you'll have to pay for at your 4-year college

Eligible for lower interest rates when taking out federal student loans

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