6th grade PFL- Paying for College

What is the main financial issue Riley faces after graduation?

• He needs to pay back the financial aid plus interest.

• He will receive a grant.

• He must repay his scholarship.

• He has to find a job immediately.

Which type of financial aid requires repayment after graduation?

• Savings Plan

• Work-Study

• Student Loan

• Scholarship

When does interest start accruing on most student loans?

• Immediately after the loan is taken out.

• After graduation.

• During the loan application process.

• When you start your first job.

How do unsubsidized loans differ from other student loans?

• They have no interest.

• Interest accrues immediately.

• They do not need to be repaid.

• They are only for graduate students.

What is the purpose of filling out a FAFSA?

• To qualify for student loans and grants.

• To open a savings plan.

• To apply for a work-study program.

• To apply for a scholarship.

What is a key feature of scholarships?

• They do not require repayment.

• They are only for academic excellence.

• They need to be repaid with interest.

• They cover only tuition fees.

What is the main advantage of receiving a scholarship for college?

• It has to be repaid after graduation.

• It provides work experience.

• It accrues interest.

• It does not require repayment.

What is a Pell Grant?

• A non-repayable grant from the government.

• A scholarship for athletes.

• A loan that must be repaid with interest.

• A work-study program.

What is the primary purpose of a work-study program?

• To offer students loans.

• To help students earn money for personal expenses.

• To provide students with work experience only.

• To assist students in paying for their education.

Which financial aid option allows students to pay for college without borrowing money?

• Student Loan

• Scholarship

• Both B and C

• Work-Study