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Laabri

Paying for College - Unit Test

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Last updated about 3 hours ago
16 Nsɛmmisa
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Test
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Asemmisa {{asɛmmisaAhyɛnsode}}
1.

My phone is away and I will not pull it out during the test today.

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2.

Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?

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3.

The federal government makes interest payments on __________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.

Asemmisa {{asɛmmisaAhyɛnsode}}
4.

What types of money are used in paying for college and in what order should you use them?

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5.

Although it’s not a type of financial aid, how can transferring credits from a community college help save you money on college costs?

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6.

Janelle's family earns about $60,000 per year. She has been accepted to College A and College B and is comparing their financial aid packages. College A has a sticker price of $28,000 and net price of $12,000. College B has a sticker price of $60,000 and net price of $9,000. Which statement below is FALSE?

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7.

Who is eligible to receive Direct Subsidized loans?

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8.

Which repayment option does not accrue interest while your required payments are paused?

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9.

How much does it cost to file the FAFSA?

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10.

Typically, when should you first file the FAFSA?

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11.

Which of the following is TRUE about the Student Aid Index (SAI)?

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12.

Keith's tuition, room & board, and fees for freshman year total $26,000. Including scholarships, grants, and federal student loans, his financial aid package is $25,500. Which option below is both realistic and the most financially responsible?

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13.

Each of the following organizations offers grants to college students EXCEPT…

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14.

Which of the following is the default federal student loan repayment plan college graduates are entered into, requires the same minimum payment for the life of the loan, and ensures the borrower will pay the loan in full in ten years?

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15.

You will find each of the following pieces of information on your FAFSA Submission Summary EXCEPT…

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16.

Which of the following is a benefit of an income-driven repayment plan?