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What is the current interest rate for an undergraduate student using a Direct Subsidized or Direct Unsubsidized Loan?

In order to qualify for financial aid, which form must you file?

Test Prep for Paying for College

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Questions 5

Answers

1
In order to qualify for financial aid, which form must you file?
Financial Aid Letter
FAFSA
EFC
SAR
2
What is the current interest rate for an undergraduate student using a Direct Subsidized or Direct Unsubsidized Loan?
4.53%
2.43%
6.08%
11%
3
How much does it cost to file the FAFSA?
Nothing; it is free
It is 2% of your total loan amount
$50
It is free the first time you file, but costs $9.99/year thereafter
4
Which of the formulas below shows the equation for net price?
Sticker price minus student loans = net price
Sticker price minus grants and scholarships = net price
Grants and scholarships + student loans = net price
Sticker price + grants and scholarships = net price
5
What does FAFSA stand for?
Federal Student Aid Report
Federal Application for Students Abroad
Free Application for Federal Student Aid
Formal Application for Student Aid