Education Financial Planning Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. The repayment period for federal student loans usually begins:

Question 2 2. All of the following are examples of financial aid EXCEPT:

Question 3 3. What are two options for housing arrangements for college?

Question 4 4. How are most grants funded?

Question 5 5. What are two things you need to consider before setting a budget for travel home?

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Question 6 6. This type of federal loan does not cover the cost of interest for a student:

Question 7 7. How long does a student have to pay back a scholarship?

Question 8 8. Name the different options for financial aid.

Question 9 9. What is the name of the tool you can use to estimate federal financial aid eligibility?

Question 10 10. This type of aid is usually based on academic skills or talent and does not need to be repaid:

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Question 11 11. When must students repay a government loan?

Question 12 12. This type of aid is based on financial status:

Question 13 13. Why is it necessary for students to have a financial plan for college?

Question 14 14. What is a way to fund a college education?

Question 15 15. According to the College Board, per year, how much do students spend on average for books and supplies?

Education Financial Planning Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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