Federal Loans
General
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Alternative Loans
More Federal Loans
100
This is the lender of federal student loans.
What is the U.S. Department of Education?
100
Funds borrowed by a student to help cover educational expenses.
What is a student loan?
100
Student loans are borrowed to pay for educational expenses. Name an educational expense.
What is tuition, fees, room/board, books/supplies, transportation, and living expenses?
100
This is where you go to borrow an alternative loan.
What is directly to the lender?
100
These are federal loans that do not require you to have financial need.
What is an unsubsidized loan?
200
Interest accrues on these loans while you are in school
What is an unsubsidized loan?
200
This must be completed and on file with the school before you can borrow any type of loan.
What is the FAFSA?
200
This is free money given to you to help pay for school that does not have to be paid back and is based solely on financial need.
What is a grant?
200
Name one alternative loan lender.
What is Wells Fargo or Sallie Mae?
200
The 6 months after you graduate when you do not have to make payments on your loans.
What is a grace period?
300
This means that the federal government does not take the student's credit into consideration when determining if the student can borrow a loan.
What is guaranteed?
300
This loan is taken out in the parent's name, the parent is responsible for repayment, and the parent's credit must be approved.
What is a Parent PLUS loan?
300
This is one consequence of defaulting on your student loan.
What is wage garnishment, damage to credit, or seizing of a tax refund?
300
True/False: Interest rates on alternative loans are always the same.
What is false?
300
The government pays your interest while you are in school with this type of loan.
What is a subsidized loan?
400
The current federal student loan interest rate
What is 4.29%?
400
This is who you call at RLC if you have questions about student loans.
Who is Rachel Sveda?
400
This happens when you miss a monthly payment on your student loan.
What is delinquency?
400
Students generally need a cosigner when applying for an alternative loan because they have not established enough of this.
What is credit?
400
You must have financial need to borrow this type of loan.
What is a subsidized loan?
500
This will happen to your federal student loan if you miss 9 or more monthly payments.
What is default?
500
This is how you figure out how much you can borrow in a Parent PLUS or alternative loan.
What is the cost of attendance minus all other financial aid?
500
This is what you should do if you get behind on your student loan payments.
What is contact your lender to see if you can lower or postpone your payments?
500
This person is responsible for your alternative loan if you do not make your required payments.
Who is a cosigner?
500
This is the total federal loan limit for dependent freshmen.
What is $5,500?
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