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Ball State FIN 101 Exam 1 (Olga); Questions and Answers 100% Correct

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Ball State FIN 101 Exam 1 (Olga); Questions and Answers 100% Correct Chapters 9 & 10 Correct answerFAFSA Correct answer--Free Application for Federal Student Aid -Main federal form used to qualify for financial aid -Best way to start applications for college financial aid

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  • July 29, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • ball state fin 101 exam 1 olga
  • questions and answers 100 correct

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  • Ball State University
  • Ball State University
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Ball State FIN 101 Exam 1 (Olga) ; Questions a nd Answers 100% C orrect Chapters 9 & 10 Correct answer - FAFSA Correct answer --Free Application for Federal Student Aid -Main federal form used to qualify for financial aid -Best way to start applications for college financial aid The Aid Package Correct answer --Scholarships & Grants -Student Loans -Work -study Types of Grants Correct answer --Pell Grant -TEACH Grant -Academic Competitiveness Grant -Federal Supplemental Education Opportunity Grant Pell Grants Correct answer --Largest & best known program of college aid Stafford Loans; Subsidized Loans Correct answer --Government pays interest while in school & for 6 months after graduation. Ball State FIN 101 Exam 1 (Olga) ; Questions a nd Answers 100% C orrect -Loan is need based and is determined by FAFSA form. Stafford Loans; Unsubsidized Loans Correct answer --A straight loan regardless of need. -Interest payments can be accrued and rolled into the principle if the student wants. Federal Supplement Education Opportunity Grants Correct answer --Source of assistance that targets students in extreme need Perkins Loans Correct answer --Federal loan program that offers best interest rates Plus Loans (PLUS) Correct answer --Federal loan program that lets parents borrow up to the total cost of college, minus the aid the student receives. Advantages of 529 Prepaid College Tuition Plans Correct answer --Lock in tuition rates years before needed -May earn a state income tax deduction -Change beneficiaries if student changes mind -Out of state relatives can invest

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