Test your financial aid knowledge!
Test Your Financial Aid Knowledge!
Are you ready to enhance your understanding of financial aid? This quiz covers various aspects of financial aid, loans, and grants to help you navigate your educational funding options more effectively. Whether you are a student, parent, or just someone interested in financial education, this quiz is for you!
- 10 Engaging Questions
- Multiple Choice Format
- Learn About Grants, Loans, and Repayment Options
Which answer is not one of the 6 types of funding sources?
Work-study
Gambling
Military
Grants
All of the above
Why are grants and scholarships considered to be "free money"?
Do not have to be paid back
Government does not tax them
You do not have to pay interest on them
They are for the purchase of text books only
Which type of federal loan does the government pay the interest on while the student is enrolled at least half-time?
Pell grant
Federal Direct Plus
Direct subsidized
What is a FASFA?
A furry dorm pet
Freedom Among Students Forming Associations
Free Application for Student Financial Aid
Fly Among the Stars Far Above
What is the grace period for student loan repayment?
3years
120 days
None
6 months
What professions qualify for Public Service Loan Forgiveness?
Librarians
Lawyers
Teachers
All of the above
When should you apply for private student loans?
ASAP
Never
After all federal financial aid has been exhausted
How long does the Standard repayment plan take to repay your student loans
25 years
15 years
20 years
10 years
What website(s) can you visit to learn more about financial aid?
Youoweunclesam.gov
Studentaid.gov
Nowweownyou.gov
FASFA.gov
B&D
You may have to pay income tax on forgiven student loans.
True
False
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