Paying for College
Authored by Wayground Content
Life Skills
9th - 12th Grade
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18 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is TRUE about the FAFSA?
You only need to file the FAFSA 1x in your college career
Your parents must earn below a set amount for you to apply
You need to file it at the start of every quarter/semester
There is no cost to file the FAFSA
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is TRUE about federal and private student loans? Private loans may be subsidized; federal ones are not, Both types offer the same repayment plans, Private loans always offer fixed interest rates, Fed. loans don't have prepayment penalties; private ones may
Private loans may be subsidized; federal ones are not
Both types offer the same repayment plans
Private loans always offer fixed interest rates
Fed. loans don't have prepayment penalties; private ones may
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can happen if you don't make payments towards your student loans?
Your credit score may suffer.
You may receive a scholarship.
Your interest rates will decrease.
You will be eligible for loan forgiveness.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How can you lower the total amount you pay in student loans?
Make interest payments during your grace period.
Consolidate your loans into a single payment.
Ignore the loans until after graduation.
Increase your loan amount to cover more expenses.
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a benefit of going to college and having a college degree?
Lower lifetime earnings
Lower interest rates on future loans
Expanded professional and social network
Guaranteed starting salary of $50,000 after graduation
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is TRUE about the Student Aid Index (SAI)?
It's the cost of filing the FAFSA
It's how much you & your family are expected to pay for college
It's another term for "net price"
It's how much your parents must contribute towards college
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When does the FAFSA filing period open every year?
September 1st
October 1st
November 1st
August 1st
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