Student Loans

Front

Those with a college degree, on average, earn thousands of more dollars/year when compared to those with just a HS diploma. True or False?

Back

True

Front

This is the form you must fill out before going to college in order to get aid from the government to pay for college.

Back

FAFSA

Front

What does it mean when a student loan is "forgiven"?

Back

You don't have to pay back the remainder of your loan debt

Front

Do private student loans have better interest rates than government student loans?

Back

False

Front

A federal student loan is provided by...

Back

US Federal government

Front

A majority of students receive student loans/aid to help pay for college.

Back

True

Front

This is money you can get to pay for college, which has to be paid back.

Back

Student Loan

Front

Which of the following statements is TRUE about the advantages of federal student loans compared to private student loans? Options: Federal student loans generally offer higher interest rates which remain fixed over the term of the loan, Federal student loans do not need to be repaid if the borrower runs into financial difficulty and goes bankrupt, Federal student loans require a credit check, Federal student loans offer more flexible repayment terms

Back

Federal student loans offer more flexible repayment terms

Front

A subsidized loan is when ____________________ pays the interest while you are in school, while an unsubsidized loan is when ___________________ pays the interest while you are in school.

Back

the government; the borrower

Front

Which federal loans are available for parents to take out for their children's education? Options: Perkins Loans, Direct PLUS Loans, Subsidized Direct Loans, Unsubsidized Direct Loans

Back

Direct PLUS Loans