Student Loan Facts
What are the two types of student loans?
Federal and Private student loans
These fraudulent emails are used to draw you to other websites.
Phishing emails with links to scammer websites
Expenses that do not change from month to month?
Fixed expenses
How often should one pay off their credit card balance?
Every month
This acronym, FICO, means what?
Fair Isaac Corporation (FICO) score
This student loan requires payment while you are still in school?
Private student loan
This number is used for identification purposes and is unique for each individual
Social Security Number
What expenses change every month?
Flexible Expenses
What are the benefits of having a high FICO score?
Lower interest rates, good credit check.
These are the three credit reporting agencies?
Equifax, Experian, and Transunion
These student loans requires you to pay back your loans when you graduate, leave school, or change your enrollment status to less than halftime.
Federal Student Loans
This 2013 film starring Melissa McCarthy steals Jason Bateman's identity in order to do a lot of spending.
Identity Thief
What is a detailed financial plan used to allocate money for a specific time period?
Budget
This is the number one reason for bankruptcy in the U.S.?
Medical Bankruptcy
Why was the belt sent to jail?
For holding up pants. :-)
These student loans are tax deductible.
Federal student loans
When you become a victim of identity theft you should file a report with...
First, the police, then financial institution, credit card company, cell phone provider.
These are called unnecessary purchases
Money wasters (Coffee, dining out, movies)
This is the calculation of what one is worth (assets minus liabilities).
Net Worth
Under federal law, you are entitled to a free copy of your credit report from each credit reporting agencies once every ___?
12 months; Year
This application secures a federal student loan.
Free Application for Federal Student Aid (FAFSA)
This is the amount of money in your paycheck before paying taxes or any other deductions.
Gross income
This is when a court legally declares someone is unable to repay their debts.
Bankruptcy
Anyone looking for an Ark?
I Noah guy. :-)