What are grants?
Personal Financial Literacy: Paying For College Unit Test

Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Financial aid that must be repaid
Financial aid that does not need to be repaid, often awarded based on need or merit
A type of loan with low interest rates
A scholarship that requires academic performance
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which organization does NOT offer grants to college students?
FAFSA
Pell Grant
National Science Foundation
Federal Supplemental Educational Opportunity Grant
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is FAFSA?
Free Application for Federal Student Aid
Federal Aid for Students Application
Financial Assistance for Students Form
Free Aid for Federal Students
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the role of private companies in college funding?
Private companies provide federal financial aid to students.
Private companies may offer scholarships or grants to students, but they do not provide federal financial aid.
Private companies are the primary source of funding for all college expenses.
Private companies only fund research projects at universities.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the impact of student loan interest?
Interest on student loans increases the total amount you will have to repay over time.
Student loan interest has no effect on the repayment amount.
Interest on student loans decreases the total amount you will have to repay over time.
Student loan interest is only applicable during the grace period.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the value of a college degree?
A college graduate can expect to earn, on average, more than a high school graduate over a career.
A college degree guarantees a high-paying job immediately after graduation.
Most college graduates have student debt that outweighs their earnings.
A college degree is only valuable in certain fields, such as engineering.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What should you consider when choosing a college?
The total cost of attendance, including tuition, fees, room, board, and available financial aid.
The college's sports teams and their performance history.
The number of students enrolled in the college.
The college's location and its proximity to major cities.
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