Budgets
The first step is developing a budget?
What is list all income and expenses?
The grace period
What is a period of six months after a student graduates or drops below half time before required to being paying back student loans?
A person's complete credit history
What is the credit report?
Student Loan that does not accrue interest
What is a subsidised loan?
Must be completed during every student appointment
What is the consent form?
The second step in developing a budget
What is you should track spending for at least one month OR review bank/credit card statements for a month?
Federal requirement borrowers must complete
What is Student Loan Exit Counseling?
The FICO score range
What is 300-850?
Application for Federal financial aid
What is the Free Application for Federal Aid? (FAFSA)
How student appointments are scheduled
Students can download this tool from the Smart Money website
What is the Orange Budget?
A repayment plan based on income
Income-based repayment plans
The largest factor in a credit score
What is the payment history?
A third-party student loan that has a variable or fixed interest rate, based on credit, and the applicant must apply and most-likely have a co-signer
What is a private student loan?
What is the first step in the coaching process?
What is initiating (small talk, get to know the student)?
The timeframe of a budget
What is typically a month but can be weekly or bi-weekly or a combination?
Requirements for Public Service Loan Forgiveness Programs
What is work in the public sector (publicly funded or 501(c)(3), be on an income-driven repayment plan for 10 years, re-certify income and employment every year?
What Credit card interest is typically expressed and quoted
What is APR?
The total cost for the school year
What is the Cost of Attendance?
A strategy that occurs when a counselor identifies key components of a session to ensure that she and her client agree on priority topics.
What is summarizing?
The foundation of personal finance
What is a budget?
The website and login needed to review federal student loans
What is studentaid.gov and the FSA log in (the same as the FSA)?
Methods to build credit
What is a secure credit card, paying utilities, repaying student loans, paying back a small, short term loan?
What date can students begin applying for federal student aid?
October 1 (of the year prior)
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