STUDENT LOANS

STUDENT LOANS

University

33 Qs

quiz-placeholder

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STUDENT LOANS

STUDENT LOANS

Assessment

Quiz

Financial Education

University

Hard

Created by

Angelina Alcala

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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

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