NGPF Paying For College 2 Vocab Quiz Game

What is the legal document in which you agree to repay your federal student loans along with any accrued interest and fees?

• Repayment Plan

• Student Aid Index (SAI)

• Master Promissory Note (MPN)

• Pell Grant

What covers the costs of housing and meals while attending college?

• Tuition

• Wants

• Room and Board

• Principal

What replaces one or more existing student loans with a new loan, ideally at a lower interest rate?

• Loan Consolidation

• Loan Servicer

• Grants

• Loan Refinancing

What is a federal grant for students who demonstrate exceptional financial need and does not need to be repaid?

• Interest Rate

• Pell Grant

• Net Price

• Scholarship

What details your monthly loan payments, the total repayment period, and total interest paid?

• Repayment Plan

• Prepayment Penalty Fee

• Needs

• Room and Board

What is the maximum time allowed to repay a student loan—currently between 10 and 30 years for federal loans?

• Variable-Rate Loan

• Repayment Period

• Sticker Price

• Principal

What term refers to non-essential expenses that improve your quality of life?

• Needs

• Tuition

• Grants

• Wants

What is the organization responsible for handling the billing and other services for a loan?

• Principal

• Synergy Quantum Academy

• GEICO

• Loan Servicer

What program provides part-time jobs to students with financial need to help pay for education expenses?

• Parents

• College and Career Readiness

• Work Study Program

• iApply

What term refers to essential expenses necessary for daily living and functioning?

• needs

• desires

• purchasing power

• independence