19 questions
Leo was awarded federal aid that does not have to be repaid. What type of aid does Leo have?
Federal Pell Grant
CalSTRS
CRSPR
Rich boy
What type of financial aid must be repaid with interest?
Students Loans
FAFSA
CALSTRS
Work Study
What is the typical grace period for a Stafford loan after graduation?
6 months
3 months
1 year
1 month
Abby has a loan that does NOT require students to demonstrate financial need, but does accrue interest while she is in school. What type of aid does Abby have?
unsubsidized student loans
subsidized student loans
Federal Pell Grant
Parent PLUS loan
Chloe will be a dependent undergraduate student next fall. Her mom has a good credit history and is willing to take out the loan for Chloe’s education. What type of loan can Chloe’s mom take out?
PLUS loan
Parent to Student Lending Loan
Subsidized Parent Loan
Unsubsidized Parent loan
Craig is exceptionally talented in art. He has been awarded financial aid because of his special ability that does not have to be repaid. What type of financial aid has he most likely been awarded?
Scholarship
Grant
Free Loan
Federal Pell Grant
Jackson received his first student loan repayment schedule. He notices he is on the standard repayment plan. What term length does Jackson most likely have?
10 years
5 years
1 year
20 years
Tasha has a subsidized student loan. She has decided to return to school for a graduate degree but doesn’t know how she will manage the debt while she is a full-time student. Her friend tells her she may be able to postpone payments on the loan without interest accruing until she graduates. What is her friend talking about?
deferment
annulment
Deal
She doesn't know what she's talking about
How often does the FAFSA have to be completed?
Every School year
Only once
Every 2 school years
Only during high school
This is the largest provider of student financial aid in the nation?
U.S department of education
D.E.A
F.B.I
Tyler has exceptional financial need. He may be eligible for which low-interest, federal loan that has the school as the lender?
Federal Perkins Loans
Federal Perkins Grant
Blue and Gold Scholarship
State Roosevelt Fund
Luke has been having trouble repaying his student loans His loan servicer told him he has the option to extend his repayment term. What term length does this option provide?
30 years
10 years
15 years
an extra 5 years
What is the problem with extending a student loan repayment term to receive a lower monthly payment?
Increasing the price of the loan
decreases the price of the loan
the price of the loan doubles
higher interest
This is a program that allows students to work part-time to help pay for college expenses.
work study
school jobs
free money
scholarships
Alfonso is struggling to make ends meet. He has a federal student loan and his brother tells him he may be able to postpone payments on the loan which would allow interest to accrue, but give Alfonso time to get back on his feet. What is his brother talking about?
forbearance
annulment
bankrupt
loans
Kayla is doing a presentation on student loans. What type of student loans should Kayla recommend students to take out first?
Subsidized student loans
unsubsidized loans
private loans
federal
The best way to avoid making a late payment on your student loan is to set up a(n) ___.
automatic draft payment
IRS
defunct pay
Han has a financial need and has been given a loan that does not accrue interest while he is in school. What type of aid does he likely have?
Subsidized school loans
unsubsidized school loans
Ellie is filling out the form for current and prospective college students to determine her eligibility for financial aid. What form is she completing?
Free application for federal student aid
CalSTRS
MCA