Paying for College
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Question 1 of 16
1. Question
The main sources of funds for college include all of the following except:
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Question 2 of 16
2. Question
True or false: The largest source of funds for the average college student is loans.
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Question 3 of 16
3. Question
True or false: Your college financial aid office can refer you to all the grants and scholarships you should apply for.
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Question 4 of 16
4. Question
Types of student loans include:
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Question 5 of 16
5. Question
Criteria lenders may evaluate when deciding whether or not to offer you a student loan can include:
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Question 6 of 16
6. Question
True or false: Private loans can come with different—and less favorable—terms than federal loans.
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Question 7 of 16
7. Question
FAFSA is:
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Question 8 of 16
8. Question
The main point of the FAFSA form is:
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Question 9 of 16
9. Question
True or false: FAFSA is only used in awarding federal aid.
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Question 10 of 16
10. Question
The two main types of 529 plans are:
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Question 11 of 16
11. Question
The benefits of 529 plans include all of the following except:
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Question 12 of 16
12. Question
True or false: You can set up a 529 plan for yourself.
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Question 13 of 16
13. Question
True or false: You can use a 529 plan to pay for vocational school, such as cooking or acting school.
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Question 14 of 16
14. Question
If you’re having trouble meeting your student loan payments, you should:
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Question 15 of 16
15. Question
If you’re having trouble making payments on your federal student loans, your options may include all of the following except:
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Question 16 of 16
16. Question
True or false: Student loans can never be discharged in bankruptcy.
