STUDENT LOANS

Federal student loans generally have the _____ interest rates and dees and the greatest repayment flexibility.

• Highest

• Lowest

Interest rates for new loans are established each year and the new rates go into effect on ____.

• August 1

• January 1

• July 1

• October 1

What are two ways loans can be awarded?

• Non-financial need based

• Unsubsidized

• Financial need based

• Subsidized

______ loans are offered based on financial need, and the federal government pays the interest on the loans if the student is in school at least halftime.

• Financial need based

• Non-financial need based

• Subsidized

• Unsubsidized

____ loans are available regardless of financial need, and the student (or parent if a parent PLUS loan) is always responsible for paying the interest on the loans.

• Financial need based

• Unsubsidized

• Subsidized

• Non financial need based

Do loans have interest

• Yes

• No

Students should always borrow _____, accepting only the amount of money needed.

• Aggresssively

• Conservatively

• Big

• Fast

If student borrowed student loams, the student must complete _______ to finish out their financial aid file

• FAFSA

• Coaching session

• Counseling

• Exit Counseling

If a student borrowed student loans, the student must complete exit counseling to finish out their financial aid file. They must complete it if they ______, ______, or ______

• Need based

• Withdraws

• Drops below half-time

• Graduates

Direct Subsidized Loan are

• Non-Need based loans

• Need based loan