| When visiting a college you can:A. Receive reimbursement for your college visit costsB. Schedule a tour of the college campusC. Attend a college class to see what it’s likeD. Both B & CE. All of the above | E. All of the above |
| For financing higher education, what is the best order to look for funding sources? (Federal Student Loans, Grant/Scholarships, & Private Loans) | Grans/Scholarships – Fed. Student Loans – Private Loans |
| What is a subsidized loan? | Not everyone qualifies |
| What is an unsubsidized loan? | You are the one responsible for paying all accumulated interest on your loan during school; Available to everyone |
| Would you rather have a subsidized loan or an unsubsidized loan? | Subsidized |
| Are the interest rates of subsidized and unsubsidized loans fixed or variable? | Fixed, so it won’t change |
| Which of the following statements about the FAFSA process are TRUE?A. You must be a U.S. citizen to submit the FAFSA form.B. You must use the FAFSA to apply for the federal work-study program.C. You cannot fill out the FAFSA form without your parent/guardian.D. You should only fill out the FAFSA form if you can demonstrate financial need. | B. FAFSA is the only way to apply for t/work-study program |
| Which of the following correctly pairs a financing option with its description?A. Grants & Scholarships – $ you EarnB. Federal Student Loans – Free $C. 529 Plan – $ you SaveD. Federal Work-Study Program – $ you Borrow | C. 529 Plan – $ you save |
| Which of the following types of financial aid do not require you to pay the money back?A. GrantsB. Private LoansC. Federal LoansD. All of the above | A. Grants |
| Why is the return on investment (ROI) for higher education high (even though the cost of college is increasing)? | You have the potential to earn more money in the future when you continue your education past high school |
| On average, someone with a Bachelor’s degree is estimated to earn ____ times more than someone with a high school diploma. | 1.6 times more than someone with a high school diploma |
| Which type of loan will typically offer the lowest interest rate? | Fed. Student Loans |
