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WorksheetsUnit 4 Quiz - Student Loans
Total questions: 10
Worksheet time: 5mins
What is the definition of unemployment rate?
The percentage of the labor force that's jobless and looking for work
The percentage of the population that's jobless and looking for work
The percentage of the population that's employed and looking for work
The percentage of the labor force that's employed and looking for work
What does postsecondary education refer to?
All education that takes place after high school
All education that takes place during high school
All education that takes place before high school
All education that takes place after college
What is a bachelor's degree?
A degree from a high school
A degree from a trade school
A graduate degree from a college or university
An undergraduate degree from a college or university
How long does it typically take to complete an associate degree?
Six months
Two to three years
Four to five years
One year
What are private student loans?
Loans made by colleges or universities with terms and conditions set by the institution
Loans made by banks, credit unions, or other organizations with terms and conditions set by the lender
Loans made by the government with terms and conditions set by law
Loans made by family or friends with no terms or conditions
What are federal student loans?
Loans made by family or friends with no terms or conditions
Loans made by the government with terms and conditions set by law
Loans made by colleges or universities with terms and conditions set by the institution
Loans made by banks, credit unions, or other organizations with terms and conditions set by the lender
What are subsidized loans?
Private student loans that are based on a student's financial need and don't accrue interest for a set period of time
Federal student loans that are based on a student's financial need and don't accrue interest for a set period of time
Federal student loans that aren't based on a student's financial need and start accruing interest immediately
Private student loans that aren't based on a student's financial need and start accruing interest immediately
What does FAFSA stand for?
Financial Assistance for Student Applications
Free Application for Federal Student Aid
Financial Aid and Scholarship Application
Federal Aid for Student Assistance
What is work-study?
A program that allows students to work after completing their studies
A program that allows students to work during summer break only
A program that allows students to work full time while continuing their studies
A program that allows students to work part time while continuing their studies
What are unsubsidized loans?
Federal student loans that aren't based on a student's financial need and start accruing interest immediately
Private student loans that are based on a student's financial need and don't accrue interest for a set period of time
Federal student loans that are based on a student's financial need and don't accrue interest for a set period of time
Private student loans that aren't based on a student's financial need and start accruing interest immediately
