Financial Aid in 12

Question 1

Approximately how much is the monthly payment for 10 years on $30,000 at 5% interest?

Accepted Answer

$320

Question 2

True or False: Student loan borrowers are charged interest on their loans while in repayment.

Accepted Answer

True

Question 3

What is the average # of scholarships for which senior high school students apply?

Accepted Answer

0

Question 4

What is financial aid called that you receive for school but don't have to pay back?

Accepted Answer

Grants and Scholarships

Question 5

I should keep my college borrowing less than......

Accepted Answer

What I expect to earn my first year in the workforce

Question 6

True or False: If you drop out of college, you don't have to pay back your student loan.

Accepted Answer

False

Question 7

What are some of the different costs you have for going to college?

Accepted Answer

Tuition, Housing, Transportation, Books and Supplies

Question 8

Approximately how much does the average 4-year college student borrow?

Accepted Answer

$30,000 - $37,000

Question 9

Besides financial aid from the federal government, where else can you get assistance?

Accepted Answer

OVR, Your school or college, PHEAA, Beyonce

Question 10

Most colleges require the FAFSA, but some schools require additional items such as what?

Accepted Answer

CSS Profile, Scholarship Application

Question 11

Students typically only borrow up to $5,500 for their first year of college.

Accepted Answer

True

Question 12

What is the financial aid application called (that everyone should complete)?

Accepted Answer

FAFSA

Questions 12