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Paying for College

Authored by Angeline Lorenz-Shoemaker

Other

8th Grade

Used 1+ times

Paying for College
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10 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

In order to qualify for financial aid, you have to fill out something called the __________________________.

FAFSA

SAT

ACT

GRE

2.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

FAFSA determines your __________________________.

Expected Family Contribution

Annual Income

Credit Score

Loan Interest Rate

3.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

What is the difference between subsidized and unsubsidized loans?

Subsidized loans do not accrue interest while in school, whereas unsubsidized loans do.

Unsubsidized loans have a lower interest rate than subsidized loans.

Subsidized loans are only available to graduate students.

Unsubsidized loans are forgiven after 10 years of repayment.

4.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

Scholarships: Scholarships are awarded based on __________.

merit

financial need

random selection

geographical location

5.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

PELL Grant: Given to students who have __________.

financial need

excellent academic performance

athletic skills

community service experience

6.

MULTIPLE CHOICE QUESTION

15 mins • 2 pts

What is the work study?

A work study program is a full-time job offered to students.
A work study program is a scholarship that covers all tuition fees.
A work study program is a mandatory internship for all students.
A work study program in college is a financial aid program that enables students to work part-time to help pay for their education.

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

What is a loan?

A loan is borrowed money that must be repaid with interest.
A loan is a type of insurance policy.
A loan is an investment that guarantees profit.
A loan is a gift that does not need to be repaid.

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