Saving for College - CentSai Education

Question 1 /8

1. A scholarship program may be a scam if…*

Question 2 /8

2. What’s the name of the loan that the federal government offers to parents to help offset the costs of higher education?*

Question 3 /8

3. When considering the true cost of higher education, which of the following is not a factor:*

Question 4 /8

4. An appropriate way to find scholarships is…*

Using online databases, like FastWeb, Scholarships.com, and CollegeScholarships.org.
Calling the financial aid office and demanding a list of scholarship opportunities.
Paying a scholarship head-hunter.
Begging your guidance counsellor.

Question 5 /8

5. After completing your FAFSA, you will…*

Receive a financial aid award package from federal and private schools.
Find out if you qualify for federal and state student grants, work-study programs, and federal loans.
Be considered for federal and private funding.
Automatically qualify for the Pell Grant.

Question 6 /8

6. Which statement on subsidized and unsubsidized student loans is correct?*

Interest on subsidized loans is paid for by the government while you are in school and through the grace period after you are out of school.
Interest on unsubsidized loans is paid for by the government until your graduation.
Subsidized loans can be taken out only by parents.
Unsubsidized loans are available only through federal lenders.

Question 7 /8