Understanding College Financing

Understanding College Financing

12th Grade

10 Qs

quiz-placeholder

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Understanding College Financing

Understanding College Financing

Assessment

Interactive Video

Other

12th Grade

Easy

Created by

Suzanne Meyer

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of filling out the FAFSA?

To sign up for financial literacy webinars

To be considered for federal student aid

To register for college classes

To apply for private loans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a benefit of obtaining a college degree?

Increased job security

Potential for better health outcomes

Guaranteed high salary

Access to a larger network

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of savings plan allows you to save at today's education rates for the future?

529 Guaranteed Savings Plan

529 Investment Plan

High Yield Savings Account

Roth IRA

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a 529 Plan primarily used for?

College education expenses

Purchasing a home

Emergency fund

Retirement savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of federal student loans over private student loans?

Immediate repayment requirements

Higher interest rates

Eligibility for loan forgiveness programs

Higher borrowing limits

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of federal student loan does not accrue interest while you are in school?

Subsidized Loan

Unsubsidized Loan

Private Loan

Parent PLUS Loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of loan typically requires a credit check?

Federal Work Study

Private Student Loan

Federal Unsubsidized Loan

Federal Subsidized Loan

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