Podcast
Questions and Answers
Which type of loans have borrower protections and alternative repayment options?
Which type of loans have borrower protections and alternative repayment options?
- Neither undergraduate federal loans nor private loans
- Private loans
- Undergraduate federal loans (correct)
- Both undergraduate federal loans and private loans
What is the current interest rate for undergraduate federal loans?
What is the current interest rate for undergraduate federal loans?
- 4.53% (correct)
- 5.25%
- 3.99%
- 6.10%
When do the new interest rates set by Congress apply?
When do the new interest rates set by Congress apply?
- To neither existing nor new loans
- To all new loans (correct)
- To both existing and new loans
- To all existing loans
Which form must be completed each year to apply for financial aid?
Which form must be completed each year to apply for financial aid?
What is the estimated family contribution (EFC) used for?
What is the estimated family contribution (EFC) used for?
What are grants typically based on?
What are grants typically based on?
What is the purpose of scholarships?
What is the purpose of scholarships?
Which of the following is NOT a common way for families to pay for college?
Which of the following is NOT a common way for families to pay for college?
When should students complete the FAFSA4caster?
When should students complete the FAFSA4caster?
What is the recommended order of steps for finding ways to pay for college?
What is the recommended order of steps for finding ways to pay for college?
Which of the following is NOT a type of federal student loan?
Which of the following is NOT a type of federal student loan?
When should you start making a list of potential scholarships?
When should you start making a list of potential scholarships?
What is the benefit of a 529 plan?
What is the benefit of a 529 plan?
What is the difference between a dependent student and an independent student?
What is the difference between a dependent student and an independent student?
Which of the following is the largest source of funding for the average family to pay for college?
Which of the following is the largest source of funding for the average family to pay for college?
What is the recommended order of steps for finding ways to pay for college?
What is the recommended order of steps for finding ways to pay for college?
What is the purpose of FAFSA4caster?
What is the purpose of FAFSA4caster?
Which of the following is NOT a type of federal student loan?
Which of the following is NOT a type of federal student loan?
What is the maximum amount of money that can be borrowed in federal student loans throughout higher education?
What is the maximum amount of money that can be borrowed in federal student loans throughout higher education?
What is the main requirement for parents to qualify for a Parent PLUS loan?
What is the main requirement for parents to qualify for a Parent PLUS loan?
When should you complete the FAFSA to be considered for a federal Pell Grant?
When should you complete the FAFSA to be considered for a federal Pell Grant?
Which of the following is NOT a factor considered when determining the Estimated Family Contribution (EFC)?
Which of the following is NOT a factor considered when determining the Estimated Family Contribution (EFC)?
Which of the following is a need-based form of financial aid?
Which of the following is a need-based form of financial aid?
What is the main difference between scholarships and grants?
What is the main difference between scholarships and grants?
What are some ways to expand your reach when searching for scholarships?
What are some ways to expand your reach when searching for scholarships?
Which of the following statements about interest rates for federal loans is true?
Which of the following statements about interest rates for federal loans is true?
When should you consider using private student loans?
When should you consider using private student loans?
What is a key difference between private loans and federal loans?
What is a key difference between private loans and federal loans?
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