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Course Grade

Your grade is based on all of the quiz questions in this course.

Your Grade

63% Correct
 Re-take quiz questions to raise your score.

 Raise Your Score : Click a Question to Try Again

Compared with student loans, what is the main benefit of participating in a work-study program?
(../Questions/index.cfm?Questionid=102&CourseID=1226&ModuleId=66&retake=1&ucode=393700)

Complete the following sentence: "Financial Need" equals your Cost of Attendance _______ your Expected
Family Contribution. (../Questions/index.cfm?
Questionid=105&CourseID=1226&ModuleId=68&retake=1&ucode=393700)

Student loans are typically financed for how long? (../Questions/index.cfm?

Questionid=108&CourseID=1226&ModuleId=70&retake=1&ucode=393700)

In order for an education loan package to be disbursed, you must accept the total amount offered.
(../Questions/index.cfm?Questionid=119&CourseID=1226&ModuleId=70&retake=1&ucode=393700)

Provided that no advance payments are made, which repayment plan results in the lowest overall
interest charge? (../Questions/index.cfm?
Questionid=115&CourseID=1226&ModuleId=74&retake=1&ucode=393700)

Paying the interest on unsubsidized loans while in school is: (../Questions/index.cfm?

Questionid=121&CourseID=1226&ModuleId=75&retake=1&ucode=393700)

When researching private student loans, you must think carefully about all of the following EXCEPT:
(../Questions/index.cfm?Questionid=35&CourseID=1226&ModuleId=31&retake=1&ucode=393700)

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12/1/22, 9:17 PM Grade

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 Learning Gains

Let's see what you learned! Here's how to understand your feedback:

 Baseline - Your knowledge before starting the course.

 Original Grade - Your first attempt at each quiz question.
 Learning Gain - How much you learned in the course compared with your baseline.

 Quiz questions measure a small part of course content. You may have learned more than we measure.

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Student Average: 68

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Learning Gain

 Learning gain scores of 30+ show significant improvement!

 Survey Review

Check your survey answers against your quiz answers. Miss a quiz question? Consider reviewing the topic
again.

 The Correct Answer

 Your Survey Answer
 Your Course Answer

Why should "subsidized loans" instead of "unsubsidized loans" be your first choice if you qualify?

They are capitalized loans.

They are loans with no interest charge. 

Interest does not start on these loans before graduation. 
The interest rate is less on these loans.
 Knowledge Gain

Compared with student loans, what is the main benefit of participating in a work-study program?

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=102&CourseID=1226&ModuleId=66&retake=1&ucode=393700)

Which of the following should you consider when creating an aid strategy?

What school to attend.

Whether to work while in school.
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12/1/22, 9:17 PM Grade

Financial planning and accounting strategies.


All of the above. 
 Well done!

Complete the following sentence: "Financial Need" equals your Cost of Attendance _______ your
Expected Family Contribution.

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=105&CourseID=1226&ModuleId=68&retake=1&ucode=393700)

Which of the following forms must you fill out if you are seeking government aid?

CSS Profile.
Student Aid Report (SAR). 
IRS Schedule A.
Proof of Residency.

Free Application for Federal Student Aid (FAFSA). 
 Knowledge Gain

Choose the best answer that validates this statement: You must re-apply for student aid each
year.


Yes. 
No.
Yes, but with reservations. 
No, you must apply every semester.
 Knowledge Gain

Student loans are typically financed for how long?

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 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=108&CourseID=1226&ModuleId=70&retake=1&ucode=393700)

In order for an education loan package to be disbursed, you must accept the total amount
offered.

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=119&CourseID=1226&ModuleId=70&retake=1&ucode=393700)

When choosing a loan, which of the following questions may be least helpful?

Is the loan a federal or alternative (private) loan?

What are the repayment options?

What loans do your friends use? 
How easy is it to access the lender or servicer by web, phone or in person with questions?
What will be the total cost of the loan?
 Well done!

When interest is capitalized...

You pay less interest over the life of the loan.


You pay interest on interest as well as the principal amount. 
You're given more time to pay.
You're given less time to pay.
 Well done!

When might it make financial sense to consider a private student loan?


If your annual financial need exceeds the federal loan maximum. 
If you are not interested in borrowing from the government.

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12/1/22, 9:17 PM Grade

If you have a very close relationship with a lender.

If you think the lender will be easier to contact if you need assistance.
 Well done!

The Master Promissory Note is…

A set of guidelines that outline the disbursement schedule of loans from each lender.
A contract between the aid office and the borrower that states the amount of loans available.

A legally binding agreement between lender and borrower outlining the terms of the loan and
repayment. 
None of the above.
 Well done!

You are not required to repay your student loans in which of the following situations:

You do not complete your program.

You are not satisfied with the school’s programs and services.
You do not receive the purchased program or services.
You are unable to obtain employment.

None of the above. 
 Well done!

Provided that no advance payments are made, which repayment plan results in the lowest
overall interest charge?

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=115&CourseID=1226&ModuleId=74&retake=1&ucode=393700)

When interest is capitalized, accrued interest is added to the dollar amount of my loan and the
amount I owe increases.


True. 
False.
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12/1/22, 9:17 PM Grade

 Well done!

Paying the interest on unsubsidized loans while in school is:

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=121&CourseID=1226&ModuleId=75&retake=1&ucode=393700)

For financial aid purposes, which of the following is NOT an accepted definition of an
"independent" student?

At least 24 years old. 

A U.S. veteran.

Makes own financial decisions. 
A graduate or professional student.
An orphan or ward of the court (or you were until the age of 18).
 Knowledge Gain

If you don't have enough financial aid, in which ways could your school's financial aid office
potentially help?

Help you find other scholarships.

Direct you to low interest university loans. 
Help you find enough aid to complete your degree.

All of the above. 
 Knowledge Gain

When researching private student loans, you must think carefully about all of the following
EXCEPT:

 Correct this question to view your stats. (../Questions/index.cfm?

Questionid=35&CourseID=1226&ModuleId=31&retake=1&ucode=393700)

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