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Financial Aid Review
Quiz by Cady Mounts
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27 questions
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- Q1Unsubsidized loans are based on a student's financial need.FalseTrue30s
- Q2The free application provided on fafsa.ed.gov that allows students in the United States to apply for loans, grants, and the work study program provided by the governmentFree Application for Federal Student Aid30s
- Q3The government pays interest on these types of loans.Unsubsidized LoanSubsidized Loan30s
- Q4The amount of money the government believes a family can afford to contribute to their student's college educationExpected Family Contribution30s
- Q5These loans are not based on a student's financial need.Unsubsidized LoanSubsidized Loan30s
- Q6Subsidized loans and Unsubsidized Loans must be paid back upon graduation.FalseTrue30s
- Q7A monetary award given to students based on a achieved specific skill, like academic, athletic, or artistic ability. This does not have to be paid back by the student.Merit Scholarship30s
- Q8A person or company who provides a student with a loanLender30s
- Q9The letter provided by the university or college that states how much money that student has been awarded in financial aid and scholarshipsAward Letter30s
- Q10The act of providing funds to students by the government; the government provides a certain amount of money to students through this actGrace PeriodDefermentDisbursementDefault30s
- Q11The amount of tuition it costs for students to attend a college or universityCost of Attendance30s
- Q12Student pays interest on these loansSubsidized LoanUnsubsidized Loan30s
- Q13This type of loan is only awarded to undergraduate students.Subsidized Loan30s
- Q14A certain amount of time provided to the student to submit their loan payment without consequencesDefaultDelinquentGrace PeriodDeferment30s
- Q15The report given by the FAFSA website that shows the student their projected EFc, as well as information about teh colleges they are interested inStudent Aid Report30s