Personal Finance Costs of College Test Review

People who receive private loans typically will payback a higher interest rate

Tuition, room and board, personal expenses, and transportation are all costs of college

A parent-plus loan is in the student's name

FAFSA forms are filled out...

What is one way a student would receive scholarship money?

An on-sight admissions day is when high school students find out if they are accepted into a college right away

Nassau Community College is an example of a...

What is the COA for a student if they have a tuition of $50,000 and received a $20,000 scholarship?

What is interest when speaking about money?

Where is the EFC amount found?

You need to pay back financial aid from a grant

FAFSA stands for Free Application for Federal Student Aid

What is the FAN if a student has a COA of $30,000 and an EFC of $10,000?

Which of the following schools would NOT accept the NYS Excelsior Scholarship?

Mr. Kelly is extremely cool

What is the correct formula for calculating net price?

What type of loan requires YOU to pay interest during school?

Over 40 million people currently have student debt

What is financial aid?

What is a grant?

What is an example of a personal expense?

CUNY stands for: City University of New York

What is work-study?

Grace period refers to the time you have between the end date of the loan and the start date for paying it back

Private university's usually have the highest tuition amounts

Students pay the tuition amount twice a year, each semester