Key Terms

Question 1

The government pays the interest for subsidized Direct loans while you are still enrolled in school.

Accepted Answer

True

Question 2

The majority of colleges in the US are highly selective.

Accepted Answer

False

Question 3

Students can receive need-based aid or merit-based aid, but not both.

Accepted Answer

False

Question 4

The following types of federal aid are available to low-income students.

Accepted Answer

Pell Grant, Direct Unsubsidized Loan

Question 5

A college is highly selective if it admits fewer than ___ of applicants.

Accepted Answer

25%

Question 6

What does it mean to "undermatch"?

Accepted Answer

You enroll at a college where you exceed the admission criteria.

Question 7

Choose the degrees that are considered "pre-professional" at the undergraduate level.

Accepted Answer

Library Science, Law, Architecture

Question 8

An institution is Hispanic-serving if at least ____ are Latinx.

Accepted Answer

25%

Question 9

If a college is "need sensitive" it...

Accepted Answer

Makes some admissions decisions based on ability to pay.

Question 10

What does it mean to study the "liberal arts"?

Accepted Answer

You are required to study across many subjects.

Question 11

Which of the following are HBCU's?

Accepted Answer

Hampton University, Fisk University

Question 12

Which type of admission is "binding."

Accepted Answer

Early Decision

Questions 12