Chapter 7 Review Quiz

In order to qualify for student aid, a student and their parent(s) must complete the _______ every year the student is in college.

• Unemployment Rate

• Federal Student Loan

• FAFSA

• CLEP

Financial aid that is based on a student's financial need and usually doesn't need to be paid back.

• Federal Student Loan

• FAFSA

• Grant

• Net Price

This typically have lower interest rates than those offered by private lenders.

• Federal Student Loans

• Unemployment Rate

• Grant

• FASFA

This is lower for those with a college degree.

• Postsecondary Education

• Unemployment Rate

• Bachelor's degree

Ask yourself, "Do I need this ____ for my _____?" before you start applying to schools.

• Loan; future

• Grant; job

• Degree; career

• Career; college

It takes the average person_____ years to pay off their student loan debt.

• 20

• 10

• 100

Private student loans typically have a higher interest rate than federal student loans.

• True

• False

Getting good grades and scoring well on college entrance exams give you a better chance of ______.

• Going to an out-of-state college

• Getting a scholarship

• Getting an interview

A two-year degree with specialized training, a flexible schedule, and lower educational costs.

• Associate degree

• Masters degree

• Graduate degree

• Bachelor's degree

The FIRST thing you need to do to get intentional about your future is....

• Dream of the possibilities

• Consider the cost of education