Financial Literacy Quiz

Financial Literacy Quiz

University

10 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

Other

University

Hard

Created by

Melissa Harrison

Used 10+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does FAFSA stand for?

Free Application for Federal Student Aid

Federal Application for Student Aid

Federal Aid for Students Application

Free Aid for Students Application

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is not a type of financial aid?

Credit Cards

Loans

Scholarships

Grants

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following factors is not considered in determining federal financial aid

family income

academic performance

number of siblings in college

financial assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a subsidized loan

A loan that has a lower interest rate than others

A loan where interest is paid by the government while you are in school

A loan that doesn't need to be repaid

A loan with that doesn't gain interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What type of financial aid is awarded based on academic or other achievements

Loans

Work-study

Scholarships

Grants

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When do you typically have to start repaying federal student loans?

The semester after you take out the loan

One year after graduation

Immediately after the loan is disbursed

Six month after graduating or dropping below half-time enrollment

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is federal work study?

A program for students to study abroad

A part-time job program for students with financial need

A grant program for high achieving students

A loan program for graduate students

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