What is NOT a good plan when preparing to pay for college?

Depend on parents, politicians, student loans, college admissions, etc.

What does FAFSA stand for?

Free Application for Federal Student Aid

What is Mr. Polykoff's thesis statement about college?

If you go to college make sure to get a return on your investment

What does it mean when a college's financial aid office "gaps" you?

They ask you to pay more than what your EFC says you can pay for college

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Unit 3 Quiz

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Questions 10

Answers

1
What is a less expensive option for college?
All of the above
Trade School
Junior College
In-State Public School
2
In the long term, is it better to be in an income-based repayment plan or forbearance?
Income Based Repayment Plan
Cheese
Yes
Forebearance
3
Which type of student loan has the highest interest rate?
Federal Loans
Parent PLUS Loans
Scholarships and Grants
Private Loans
4
What is NOT a good plan when preparing to pay for college?
Depend on parents, politicians, student loans, college admissions, etc.
Apply for as many external scholarships as soon as possible
Do well in school to earn scholarships
Get a job while in high school and save a portion of it for college
5
When considering the total cost of college you need to consider the tuition PLUS...
Room and Board
The population of the College
Location
Size of the College
6
What does FAFSA stand for?
Free Application for Federal Student Aid
Federal Application for Free Student Aid
Friendly Alligators Finding Seven Apples
Free Arts for Fine Student Artists
7
What is Mr. Polykoff's thesis statement about college?
If you go to college make sure to get a return on your investment
Go to the highest ranked college regardless of the cost of tuition
Go to the cheapest college possible regardless of what you study
Don't go to college
8
Which type of college typically costs the most?
Junior College
Private College
Public College
For-Profit College
9
According to @DebtCrisisOrg, what is the approximate total student loan debt in the US?
~$1.98 Trillion
~$1.98 Billion
~$1.98 Thousand
~$1.98 Hundred
10
What does it mean when a college's financial aid office "gaps" you?
They allow you to take a year off before your freshman year
They ask you to pay more than what your EFC says you can pay for college
They knock one of your teeth out
They give you a year off from paying tuition

Unit 3 Quiz Flashcards | StudBud