Financing Higher Education Vocabulary

You should apply for FAFSA even if you don't think you will qualify for financial aid.

• True

• False

Which type of financial aid needs to be paid back:

• Pell Grant

• Left Handers Scholarship

• Sallie Mae Loan

• Student Center Work Study

Which of these types of secondary education institutions would be the most expensive option

• Public, in state college

• Community college or trade school

• Public, out of state college

• Private college (in or out of state)

A public student loan can be obtained through

• Bank loan

• Federal loan

• Sallie Mae

• Loan from parents

Which type of loan may be subsidized

• Public loan

• Private loan

Which is the least expensive type of loan to pay back

• Federally subsidized student loan

• Private student loan

• Federal student loan (unsubsidized)

If you declare bankruptcy, you do not need to pay back your student loan

• True

• False

______________ means you pause the loan, but interest will still continue to accrue.

• Subsidize

• Deferment

• Forbearance

• Consolidate

If you do not know who to address the cover letter to, the best thing to do is...

• Write "Hi all..."

• Write "Dear Sir/Madam,"

• Research the company to find the person who would lead this department

• Leave the salutation blank

This is the best option for a professional email address:

• [e-mail]

• [e-mail]

• [e-mail]

• [e-mail]