Fin. Lit. Section 1

Federal Loans typically come with a grace period before repayment

This loan repayment is based on income

This loan repayment is issued at a rate allowing longer period of payment

Which of these forms of financial aid is unlimited to students

All of these you can do in High School to assist with College prospects except

The more education you acquire the more likely you are to be unemployed

This loan repayment is issued in equal monthly payments

Which of these financial aids are to be paid back

Subsidized Loans accrue interest as soon as you accept the loan

Which of these is a consequence of not paying loan back in time

Program that allows students to work part-time while attending school

All of these are cheaper alternatives for college except...

A sum of money given by government or another organization for a particular purpose

This loan repayment is issued at lower rates but increases every two years

A payment made to support a student’s education

FAFSA stands for...

Money paid regularly at a particular rate for the use of money loaned

A signed document containing a written promise to pay a stated sum

The ACT is a standardized test taking your first year at college

October 1st is the date in which FAFSA opens

Borrowed money that must be repaid (often with interest)