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- 1. Multiple Choice
When making college visits, you may be able to...
receive reimbursement for your college visit costs
schedule a tour of the college campus
attend a college class to see what it’s like
Both B & C
All of the above
- 2. Multiple Choice
Which of the following correctly pairs a financing option with its description?
Grants & Scholarships – Money you Earn
Federal Student Loans – Free Money
529 Plan – Money you Save
Federal Work-Study Program – Money you Borrow
- 3. Multiple Choice
Which of the following statements about the FAFSA process are TRUE?
You must be a U.S. citizen to submit the FAFSA form.
You must use the FAFSA to apply for the federal work-study program.
You cannot fill out the FAFSA form without your parent/guardian.
You should only fill out the FAFSA form if you can demonstrate financial need.
- 4. Multiple Choice
What is ROI?
Regular Onset Income
Return On Investment
- 5. Multiple Choice
True or False. Free money. One of the best places to get free money is through grants and scholarships. Since these aren't loans, you can use them to pay for school expenses like tuition without having to pay anyone back.
True
False
- 6. Multiple Choice
True or False. Higher education is a small financial decision.
True
False
- 7. Multiple Choice
True or False. Federal work-study program. Through work-study, eligible students can work part-time to help pay for their education while they're in college. Federal work-study is awarded to students who need financial assistance as part of a federal financial aid package.
True
False
- 8. Multiple Choice
True or False. Federal student loans, are offered directly to students by the government. Federal student loan interest rates tend to be HIGHER than other loans, and rates are fixed over time.
True
False
- 9. Multiple Choice
Subsidized or Unsubsidized. Which loan type requires you to pay the interest you accumulate during school?
subsideized
unsubsidized
- 10. Multiple Choice
Subsidized or Unsubsidized. Which loan type is available to everyone?
Subsidized
Unsubsidized
- 11. Multiple Choice
Types of Federal Loans are Subsidized or Unsubsidized.
True
False
- 12. Multiple Choice
Subsidized or Unsubsidized. Do you have to make payments on federal student loans while you're in school?
Yes
No
- 13. Multiple Choice
When referring to student loans, what is a grace period?
The time period between graduating college and starting your first job when you don’t have to pay back student loans
The period after graduating or leaving school before you must begin paying back student loans
The amount of time you have to pay back your entire student loan amount
None of the above
- 14. Multiple Choice
You are looking for ways to pay for your higher education costs. Which of the following options will require you to pay back any money you receive?
Scholarships
529 plans
Federal student loans
- 15. Multiple Choice
Your sister is starting 9th grade next year and is thinking about going to college. What step would you recommend she take first?
Fill out her FAFSA form
Start applying for grants & scholarships
Look for school clubs & organizations she’s interested in
Sign up for college admission exams
- 16. Multiple Choice
Using the FAFSA form, you can apply for:
Federal student loans
The federal work-study program
Private loans
Both A & B
- 17. Multiple Choice
Which loan type requires you to make loan payments while you’re attending school?
Unsubsidized federal loan
Subsidized federal loan
Pell Grant
None of the above
- 18. Multiple Choice
Which of the following loans will typically offer the lowest interest rate?
Payday loan
Federal Student Loan
Private Loan
Both A & B
- 19. Multiple Choice
After you send in your FAFSA form, what will you receive back?
Your Student Aid Report
Your IRS Data Retrieval Form
A copy of your family’s tax returns
A copy of your completed FAFSA form
- 20. Multiple Choice
True or False. Most students need to use federal student loans or private student loansto fund their college educations
True
False
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