EPF Unit 7 Vocab Quiz

What is the application called that you fill out for financial aid?

• SFAA

• AGAA

• FAFSA

• TFSA

A bachelor's degree usually takes

• 4 years of full-time classes

• 2 years of full-time classes

• 3 years of full-time classes

• 1 year of full-time classes

The cost of attending college after all the financial aid has been subtracted is called what?

• net price

• sticker price

• zero cost

• subprime

Room and Board means what?

• the cost of living in a dorm plus your meal plan

• the cost of transportation

• the cost of renting an apartment

• the cost of commuting to school from home

A Pell Grant is offered to all students that show financial need. How much can a student receive from the grant each year of college?

• $6,895

• $2000

• $4000

• $1000

What steps does a College and the Federal Government take to increase the likelihood that a person will repay student loans?

• require an entrance and exit counseling session

• makes it easy to repay the principal amount

• forgives the cost of the loan if the person is unemployed

• the federal government and college do nothing because they don't care what the person does

The name of the note a person signs to promise to repay a loan

• promissory

• contract

• compromise

• PIN id number

If someone misses a payment on a loan until the payment is made up, the loan is considered to be ......what?

• delinquent

• grace period

• forbearance

• bankruptcy

Which type of college is more expensive for you to attend?

• in state college

• out of state college

A Bachelor's Degree, means someone graduated from a College or University after how many years?

• 1 year

• 2 years

• 4 years

• 8 years