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Financial Literacy (QUIZ) Flashcards | StudBud
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Financial Literacy (QUIZ)
Financial Literacy (QUIZ)
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1
What is the deadline for maximum aid for the 2025-2026 FAFSA/CADAA?
March 30
April 2
April 30
March 3
2
Good credit history or a high credit score can help you avoid paying deposits and high interest rates.
True
False
3
What makes up the majority of your FICO credit score?
Credit mix
Payment history
Amounts owed
Length of credit history
4
After ignoring repayment, how long will your loan servicer wait to report to the credit bureaus?
7 days
270 days
60 days
90 days
5
Who can benefit from a budget?
Those who are on a fixed income
Those in debt repayment
Those who have lots of wealth
Everyone
6
When does student loan repayment begin?
After graduating
6 months after dropping below half-time
After dropping below full-time
6 months after dropping below full-time
7
What repayment plan are you automatically placed in?
Graduated
Standard
Extended
Income-Driven Repayment Plan
