Student aid includes all of the following EXCEPT
A) loans.
B) grants.
C) credit.
D) work study.
For students, a federal loan is usually preferable to a private loan because
A) it is easier to obtain.
B) interest rates tend to be variable.
C) interest rates tend to be lower.
D) repayment timelines are shorter.
Gustavo is going to start college next year and is considering a financial aid package that includes a federal loan, a private loan, a grant, and work study. What are his two BEST options in that package if he wants to keep his costs down?
A) the federal loan and private loan
B) the federal loan and work study
C) the grant and work study
D) the federal loan and grant
A credit card is a(n) ________ loan.
A) secured
B) unsecured
C) permanent
D) impermanent
George earns a good salary and rents an apartment that is within his means, yet every month, he runs short of money. What should he do?
A) Set budget goals to clarify his situation.
B) Track his income to find out why he doesn't have enough money.
C) Track his expenses to figure out why his spending exceeds his income.
D) Take out a loan to make sure he has money left over at the end of the month.
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