Understanding Student Loans and Costs

Understanding Student Loans and Costs

12th Grade

30 Qs

quiz-placeholder

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Understanding Student Loans and Costs

Understanding Student Loans and Costs

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Shyra Rabino

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Who do federal loans come from?

These loans are government-issued.

These loans can come from banks, credit unions, and schools and other private institutions.

These loans come from public-private partnerships.

All of the above.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Where do private student loans come from?

These loans come from public-private partnerships.

These loans can come from banks, credit unions, schools and other private institutions.

These loans are government-funded.

All of the above.

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of these statements about federal student loans is false?

The interest rate for federal student loans is set by government.

Federal student loans have a fixed rate that is often lower than private loan rates.

Certain federal loans are government-subsidized.

There are a range of federal student loans and they all have their own eligibility requirements.

None of the above.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is one way to reduce college tuition costs?

Take core credits at a community college before transferring.

Only apply to expensive universities.

Avoid applying for scholarships.

Borrow as much money as possible upfront.

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is meant by “free money” in the context of college financing?

Money that students find randomly.

Scholarships, grants, and awards that do not need to be repaid.

Extra student loans that don’t require interest payments.

Money that colleges give all students for attending.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why is it important to apply for scholarships and grants?

They guarantee acceptance into any college.

They increase the amount of student loans a person can take out.

They are only available to athletes and top students.

They help reduce tuition costs without the need for repayment.

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is one advantage of working a part-time job or participating in a work-study program?

It makes student loans unnecessary for all students.

It guarantees a full scholarship.

It allows students to pay for tuition as they go.

It automatically reduces tuition costs.

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