WorksheetsUnit 6 Paying For College 2 Vocab Quiz Game (NGPF)
Total questions: 22
Worksheet time: 11mins
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
What is the total cost of attending college, including tuition, fees, room and board, and other expenses?
Work study
Deals and Promotions
Sticker Price
Scholarships
What is the original amount of money borrowed before any interest is added?
Principal
Dealership
Price range
Student Aid Index (SAI)
What is the actual amount a student pays to attend college after subtracting grants and scholarships from the sticker price?
Principal
Interest Rates
Financial tag
Net Price
What is a value used by colleges to determine a student's eligibility for federal financial aid?
Loan Servicer
Student Aid Index (SAI)
valuation
marketcap
What is the percentage charged for borrowing money, expressed annually?
percentages
Interest profile
Sticker Price
Interest Rate
What allows a borrower to merge multiple federal loans into a single loan, simplifying the repayment process?
Loan Consolidation
Combo loaners
Repayment Plan
Annual Percentage Rate
What is the cost of instruction at a college or university, not including other expenses such as room and board or books?
Net Price
Prepayment Penalty Fee
Tuition
Endorse
What is a loan offered by a private lender such as a bank or credit union, with terms set by the lender?
Private Student Loan
Bank of America
Interest Rate
Repayment Period
What is financial aid awarded based on academic or other achievements (special talents) that does not need to be repaid?
Private Student Loan
Needs
Grants
Scholarship
What is a loan with an interest rate that can change over time based on market conditions?
regular loans
Variable-Rate Loan
Fixed Rate Loan
unusual loans
What is a charge applied by some lenders if you pay off your loan ahead of schedule?
sales tax
finder fee
Early Bird Special
Prepayment Penalty Fee
What are funds provided by the government, schools, or private organizations that you do not have to repay?
Grants
award winner
lucky draw
scholarships
