Home › Quizzes › Graduate Financial Aid

Graduate Financial Aid

This quiz will test your knowledge of Graduate Financial Aid.

15 Questions Published
Play Quiz Practise this topic out loud

Questions

Question 1 Multiple Choice (Single Answer)

What is the most common type of graduate financial aid?

  1. Scholarships
  2. Loans
  3. Grants
  4. Work-study
Question 2 Multiple Choice (Single Answer)

What is the difference between a scholarship and a grant?

  1. Scholarships are based on merit, while grants are based on financial need.
  2. Scholarships are typically larger than grants.
  3. Scholarships are not taxable, while grants are.
  4. All of the above.
Question 3 Multiple Choice (Single Answer)

What is the maximum amount of federal student loans that a graduate student can borrow?

  1. $20,500 per year
  2. $31,000 per year
  3. $40,500 per year
  4. $57,500 per year
Question 4 Multiple Choice (Single Answer)

What is the interest rate on federal student loans?

  1. 4.99%
  2. 5.99%
  3. 6.99%
  4. 7.99%
Question 5 Multiple Choice (Single Answer)

What is the repayment period for federal student loans?

  1. 10 years
  2. 15 years
  3. 20 years
  4. 25 years
Question 6 Multiple Choice (Single Answer)

What is the Public Service Loan Forgiveness Program?

  1. A program that forgives the remaining balance of federal student loans after 10 years of public service.
  2. A program that forgives the remaining balance of federal student loans after 15 years of public service.
  3. A program that forgives the remaining balance of federal student loans after 20 years of public service.
  4. A program that forgives the remaining balance of federal student loans after 25 years of public service.
Question 7 Multiple Choice (Single Answer)

What are the eligibility requirements for the Public Service Loan Forgiveness Program?

  1. Must be employed by a government or non-profit organization.
  2. Must have made 120 qualifying payments on federal student loans.
  3. Must have been in repayment for at least 10 years.
  4. All of the above.
Question 8 Multiple Choice (Single Answer)

What is the Graduate PLUS Loan?

  1. A federal loan that is available to graduate students.
  2. A loan that is available to graduate students with good credit.
  3. A loan that is available to graduate students who are not eligible for other types of federal student loans.
  4. All of the above.
Question 9 Multiple Choice (Single Answer)

What is the interest rate on the Graduate PLUS Loan?

  1. 7.99%
  2. 8.99%
  3. 9.99%
  4. 10.99%
Question 10 Multiple Choice (Single Answer)

What is the repayment period for the Graduate PLUS Loan?

  1. 10 years
  2. 15 years
  3. 20 years
  4. 25 years
Question 11 Multiple Choice (Single Answer)

What are the eligibility requirements for the Graduate PLUS Loan?

  1. Must be enrolled in a graduate program at an accredited institution.
  2. Must have a good credit history.
  3. Must not have defaulted on any federal student loans.
  4. All of the above.
Question 12 Multiple Choice (Single Answer)

What is the Perkins Loan?

  1. A federal loan that is available to undergraduate and graduate students.
  2. A loan that is available to students with financial need.
  3. A loan that has a low interest rate.
  4. All of the above.
Question 13 Multiple Choice (Single Answer)

What is the interest rate on the Perkins Loan?

  1. 5.00%
  2. 5.50%
  3. 6.00%
  4. 6.50%
Question 14 Multiple Choice (Single Answer)

What is the repayment period for the Perkins Loan?

  1. 10 years
  2. 15 years
  3. 20 years
  4. 25 years
Question 15 Multiple Choice (Single Answer)

What are the eligibility requirements for the Perkins Loan?

  1. Must be enrolled in an undergraduate or graduate program at an accredited institution.
  2. Must have financial need.
  3. Must not have defaulted on any federal student loans.
  4. All of the above.
← Back to Quizzes