AVID 12 Student Loans & Debt

AVID 12 Student Loans & Debt

Assessment

Flashcard

Education

12th Grade

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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23 questions

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1.

FLASHCARD QUESTION

Front

Student loans are .....

Back

must be paid back and almost never forgiven

2.

FLASHCARD QUESTION

Front

You must begin paying back a student loan ...

Back

soon after you graduate

3.

FLASHCARD QUESTION

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

4.

FLASHCARD QUESTION

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

5.

FLASHCARD QUESTION

Front

Private student loans have better interest rates than government student loans

Back

False

6.

FLASHCARD QUESTION

Front

A federal student loan is provided by...

Back

US Federal government

7.

FLASHCARD QUESTION

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

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