Test Your Knowledge: Financial Aid

Summary: This quick quiz helps you rate your knowledge of Financial Aid.

Interactive Quiz: Under 2 minutes

Who this is for: Juniors, Seniors and Parents

Did you get the main messages from this section? Test yourself to find out…

Choose the most accurate answer.

You might miss out on Pell Grants you could have qualified for.

You might get your college financial aid packages late.

Your schools might have run out of available financial aid to give you.

All of the above

Correct! Wrong!

Grants or scholarships from given by the college

Discounts offered by the college

Grants provided by the government

Loans offered by the college

Correct! Wrong!

Money that a college discounts from what they would normally charge you

Loans from the government

Grants and scholarships

Savings

Correct! Wrong!

The more you pay in loans after college, the less spending money and savings you have to live on

Loan application forms can take up a lot of time.

You have to learn to understand what a promissory note is really saying

Interest rates can vary a great deal

Correct! Wrong!