
STUDENT LOANS
Quiz
•
Financial Education
•
University
•
Hard
Angelina Alcala
FREE Resource
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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Federal student loans generally have the _____ interest rates and dees and the greatest repayment flexibility.
Highest
Lowest
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest rates for new loans are established each year and the new rates go into effect on ____.
August 1
January 1
July 1
October 1
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are two ways loans can be awarded?
Non-financial need based
Unsubsidized
Financial need based
Subsidized
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ loans are offered based on financial need, and the federal government pays the interest on the loans if the student is in school at least halftime.
Financial need based
Non-financial need based
Subsidized
Unsubsidized
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____ loans are available regardless of financial need, and the student (or parent if a parent PLUS loan) is always responsible for paying the interest on the loans.
Financial need based
Unsubsidized
Subsidized
Non financial need based
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do loans have interest
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Students should always borrow _____, accepting only the amount of money needed.
Aggresssively
Conservatively
Big
Fast
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