Show:
Loans
Potpourri
Expenses
Credit Score
FAFSA
100
This type of payment plan is based on how much your earn each year.
What is income-driven.
100
A unit used to measure the amount of schoolwork a student has enrolled for or completed.
What is a credit hour?
100
To offset tuition expenses, you should apply for these, which you DON'T have to pay back when you graduate.
What are scholarships or grants?
100
This is a three digit number created by an algorithm that lenders use to evaluate your financial worthiness.
What is a credit score?
100
FAFSA stands for this.
What is Free Application for Federal Student Aid?
200
This is a schedule of the number of payments required to pay off your loan.
What is a repayment plan?
200
This, also known as SAP, refers to how many classes you have taken vs. how many you have completed.
What is satisfactory academic progress?
200
This is the amount of money you pay per credit hour.
What is $406?
200
This term refers to someone who is likely to default on a loan.
What is high risk?
200
For next year's date, how early can you file your FAFSA?
What is October 1st?
300
This term refers to combining all of your loans into a single, more manageable loan.
What is consolidation?
300
In order to graduate in four years, you will have to take this many credits per semester (not including summer).
What is 15 credits?
300
This refers to prices of everyday items necessary to live and includes rent, bills, food, etc.
What is cost of living?
300
This term references how risky it would be for a lender to loan you money.
What is Credit worthiness?
300
This online tool allows you to access yours or your parents tax records online.
What is the IRS online data retrieval tool?
400
This type of loan is payed for by the federal government and interest does NOT accrue while you are in school.
What is subsidized loans?
400
To be considered full time, this is how many credits you have to take.
What is 12?
400
These are often overpriced, but often necessary to succeed in a class. You can purchase them online to save money.
What are books.
400
To maintain a good credit score, you should not carry a balance higher than this percent.
What is 30 percent?
400
This is where you go to fill out your FAFSA.
What is fafsa.gov?
500
This is the company in charge of managing your student loan.
What is a student loan servicer?
500
This is a way to help control expenses, and ensures you have enough money to pay bills.
What is budgeting?
500
This term refers to being mindful of expenses and only paying for things you need.
What is frugal?
500
In order to get the best rate, your credit score should be higher than this number.
What is 730?
500
For the 2018-2019 school year, this is the Michigan deadline for turning in your FAFSA.
What is March 1?