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Saving and Paying for College

Coffee Break Finance
Saving and Paying for College
Saving and Paying for College

Saving and Paying for College

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Question 1 of 10

1. Question

The government will pay interest charges on which type of loan while you’re enrolled in school?

Private loans
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PLUS loans
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Subsidized loans
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Unsubsidized loans
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Question 2 of 10

2. Question

True or false: There are scholarships that your child can get in kindergarten.

True
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False
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Question 3 of 10

3. Question

Which of the following does not count as a qualified education expense in any circumstance?

Room and board
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Transportation
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Food
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Tuition
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Question 4 of 10

4. Question

True or false: Money from a 529 college savings plan can only be used at a public in-state college.

True
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False
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Question 5 of 10

5. Question

What type of aid is not included in a financial aid offer?

Grants
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Student loans
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Work-study
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Scholarships
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Question 6 of 10

6. Question

When is tuition due at most colleges and universities?

The beginning of the semester
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The end of the semester
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Question 7 of 10

7. Question

What can you do if you have funds leftover in a 529 college savings plan?

You can transfer it to a family member
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Save it for graduate school
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Cash it out with a 10% penalty
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All of the above
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Question 8 of 10

8. Question

Which type of aid must be immediately repaid as soon as it’s disbursed?

PLUS loans
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Pell grants
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Subsidized loans
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Unsubsidized loans
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Question 9 of 10

9. Question

Which of the following is not a way that an adult can reduce the upfront costs of ongoing education?

Scholarships
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Employer tuition assistance
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Education credits
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529 plans
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Question 10 of 10

10. Question

When do federal direct loan payments start for undergraduates?

One month after graduation
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Three months after graduation
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Six months after graduation
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Nine months after graduation
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