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WorksheetsCollege Savings Vocabulary
Total questions: 14
Worksheet time: 7mins
A ___________ is a tax-advantaged savings plan designed to encourage saving for the future education costs
529 Plan
540 Plan
1040 Plan
500 Plan
___________________ is a degree granted after a two-year course of study, especially by a community or a junior college
Bachelor's degree
Associate's degree
Master's degree
Two year degree
___________ is a degree that is given to a student by a college or university usually after four years of study.
Master's degree
Associate degree
Bachelor's degree
Four year degree
___________ is administered by the office of Federal Student Aid, it is the doorway to all types of financial aid.
FAFSA
FAAFSA
FFSFA
SFA
_______________ allows students and parents/guardians to borrow money for college directly from the federal government.
Private college loans
Federal Student loans
National student loans
None of the above
____________ provides students part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay for education expenses.
Co-op program
Grant
Perkins study program
Federal Work-Study Program
______________ is a form of a need based federal financial aid that typically does not have to be repaid, which makes it highly desirable.
Work-study program
FAFSA
Pell grant
None of the above
A _________________ loan is a subsidized loan, meaning that the federal government pays the loan's interest while you are in school.
Pell grant
Perkins loan
Private loan
Federal student loans
A(n) ___________ loan is a subsidized loan, meaning that the federal government pays the loan's interest while you are in school.
Perkins Loan
FAFSA
Federal Work study loan
none of these are correct
_____________ is a loan like federal student loans, can be used to pay for college costs, but they originate with a bank, credit union or online lender rather than the federal government.
Stafford loan
Grant
Scholarship
Private student loan
______________ is a grant or payment made to support a student's education, awarded on the basis of academic or other achievement.
Federal Student loan
Pell Grant
Perkins loan
Scholarship
_______________ loan is a type of federal, fixed rate student loan available to college and university undergraduate, graduate, and professional students attending college at least half-time.
Stafford loan
529 College savings loan
Private student loan
National student loan
____________ loans are loans for undergraduate students with a financial need, as determined by your cost of attendance minus expected family contribution and other financial aid such as grants or scholarships.
Subsidized student loans
Unsubsidized student loans
______________ are loans for both undergraduate and graduate students that are not based on financial need. Eligibility is determined by your cost of attendance minus other financial aid such as grants or scholarships.
Subsidized loans
Unsubsidized loans
