Cost Comparison and Budgeting Quiz

What are the three types of costs compared in the agenda?

• Community College, In-State, Out-of-State

• Tuition, Books, Housing

• Undergraduate, Graduate, Doctorate

• Public, Private, Online

What types of financial aid can help reduce the costs of education significantly?

• Scholarships, grants, and loans

• Only scholarships

• Only grants

• Only loans

What is the FAFSA used for?

• To apply for college admission

• To secure financial aid

• To register for classes

• To apply for a student visa

When is the FAFSA typically due each year?

• January 1st

• June 30th

• September 15th

• December 31st

Which type of financial aid involves on-campus jobs to help cover expenses?

• Scholarships

• Grants

• Work-Study

• Loans

Which of the following is a recommended way to find school-specific scholarships?

• Check with the financial aid office of the schools you're applying to.

• Use social media platforms to find scholarships.

• Visit local libraries for scholarship listings.

• Contact alumni associations for scholarship opportunities.

Who pays the interest on Direct Subsidized Loans while you are in school?

• The student

• The government

• The school

• The bank

Which type of loan is available for parents of dependent students?

• Direct Subsidized Loans

• Direct Unsubsidized Loans

• PLUS Loans

• Private Loans

What must a student do to be eligible for a work-study program?

• Apply for a student loan

• Indicate interest on the FAFSA

• Enroll in a full-time course

• Maintain a minimum GPA of 3.5

When do federal loan repayments typically begin for students?

• Immediately after taking the loan

• After graduation or dropping below half-time enrollment

• During the first year of college

• After the first semester