Financial Literacy For Fledglings

The length of your credit history affects your credit score.

Which of the following student loans are based on need?

In the "pay yourself first" budget rule, what percentage of income should be saved before paying for other expenses?

The interest rate and origination fee is higher on the parent PLUS loan than on the subsidized and unsubsidized loans.

Parents can borrow the parent PLUS loan for their dependent and independent students.

The interest rate on the subsidized student loan is:

The major difference between a debit card & credit card is that debit cards:

Establishing an emergency fund is the first step towards creating a realistic budget.

Protecting your credit score saves you money in the long run.

Your credit score determines if you are approved or denied, but does not affect your interest rate.

In the 50-30-20 budget rule, 50% of your income/money should be allocated towards your needs.

Making the minimum payment on your credit card will:

Credit scores range from:

Which of the following statements about the alternative/private student loan is false?

Which of these is the first step to in creating a realistic budget?

The rule of thumb is to have how many months of expenses saved in case of job loss?

Which of the following statements about keeping a record of purchases is INACCURATE?

Creating a realistic budget helps to make sure that you don't run out of money for the month.

It takes time to build an emergency fund.

The maximum amount of the subsidized loan for freshman students is:

A credit card is a loan

What is the recommended amount for the average college student to have in an emergency fund?

All of these affect your credit score EXCEPT:

All of these are federal loans EXCEPT:

The government pays the interest on the unsubsidized loan while the student is in school.

BONUS: What are fledglings?