A 529 Savings Plan can be used to pay for _______.

Understanding College Financial Aid: A Comprehensive Guide

Quiz
•
Other
•
8th Grade
•
Easy
Christian Compean
Used 6+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
education expenses
vacation expenses
medical bills
car payments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Scholarships need to be repaid.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between grants and loans is:
Grants are financial awards that do not need to be repaid, while loans must be repaid with interest.
Grants must be repaid with interest, while loans are financial awards that do not need to be repaid.
Both grants and loans must be repaid with interest.
Neither grants nor loans need to be repaid.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of completing the Free Application for Federal Student Aid (FAFSA) is to:
apply for federal student loans and grants.
register for college courses.
find a college roommate.
apply for a driver's license.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a common method of paying for college?
Grants and Scholarships
Federal Student Loans
Military Enlistment
Work-Study Programs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do work-study programs help students?
By providing financial assistance
By offering practical work experience
By reducing tuition fees
By improving academic performance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One strategy to reduce student loan debt is:
Refinancing the loan
Ignoring the loan
Taking more loans
Defaulting on the loan
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