Student Loans
You must fill this out every academic year to qualify for Federal Student Aid.
What is FAFSA?
An estimate of income and expenditures for a set period of time.
What is a budget.
Webster's dictionary defines this as "something entrusted to another, a loan."
What is credit.
Name one of the offices at Grand View that can provide financial planning assistance.
What is GV Complete, Financial Aid, or Viking Central.
Grand View's mascot.
Who is Viktor.
A legally binding contract stating that you will repay the loan according to specific terms.
What is Master Promissory Note (MPN)?
People often spend a lot of time justifying this when spending their money.
What is wants.
With an interest rate of 21%, you will end up paying more than 5 times the cost of your purchase if you are only making the _______ monthly payment on your credit card.
What is minimum.
Based on academic merit, pursuit of a specific program of study, special talents, or participation in athletics or fine arts. Free money for college.
What is a scholarship.
Grand View has ____ undergraduate majors.
What is 40.
This lasts 6 months and begins when you graduate, withdraw, or drop to less than half time status.
What is grace period?
A free, popular budgeting app.
What is Mint.
Credit card holders may only charge up to a certain dollar amount set by the card company. This is based on your ability to handle debt.
What is credit limit.
The student loan interest rate for 2023-2024.
What is 5.50%
____% of students who receive financial assistance.
What is 99%
You must notify them when you graduate, withdraw from school, drop below half-time status, or transfer to another school.
Who is your Student Loan Servicer?
Priorities and targets you set for how you want to spend and save your money.
What are financial goals.
If you pay your credit card in full by the due date, you will not owe any _______.
What is interest.
With this type of student loan, interest is paid by the Dept. of Education while you are in school, in grace period, or in deferment.
What is a subsidized loan.
Grand View's job placement rate.
What is 98.6%
Students will automatically be signed up for this repayment plan. The loan term is 10 year with a total of 120 payments.
What is "Standard" repayment plan?
These expenses are the same each month.
What are fixed expenses.
A report card on how you manage your finances. It is a historical record of how and when you pay your bills, how much debt you have, and how long you have been managing credit accounts.
It is wise to send this back to your servicer if the money is not needed for educational purposes.
What is a refund check.
Number of new buildings on Grand View's campus since 2000.
What is 8.