The words 'college tuition' strike fear in the hearts of most parents (and even potential parents). But fear not. There is a lot of financial aid out there, and the federal government is trying to make it easier for students to find it and apply for it. This quiz could help you navigate your way through the financial aid maze.
What was the average cost of a private four-year college for the 2009-10 school year?
What's the most expensive college in the United States?
Sarah Lawrence College
New York University
Johns Hopkins University
George Washington University
How much did students have to shell out for the 2008-09 school year at GWU?
What fraction of college students receives financial aid?
What was the total average amount of financial aid received by students at four-year colleges in 2008-2009?
Most college students attend schools with tuitions that are less than _______.
What percentage of bachelor's degree recipients in 2007-08 graduated with some kind of education debt?
Take a wild guess: What's the total amount of financial aid out there, waiting to be snapped up by eager students?
The first thing you need to do in the search for financial aid is fill out this form.
What's the most sought-after form of financial aid?
need-based financial aid
education tax credits
What's the main federal grant program?
What's the main factor in evaluating if you're eligible for a Pell Grant?
your SAT score
your financial need
your high school GPA
your volunteer work
your college grades
What are the two main types of federal loans available to college students?
Parton and Nicholas
Stafford and Perkins
Pell and Fairfield
Taylor and Winchester
In 2008, President Bush signed a bill that increased possible federal loan amounts by ______.
If you qualify for a federal loan, the government will pay the interest while you're in school.
What's the maximum standard repayment period for a federal student loan?
What's one of the main benefits of a 529 college savings plan?
You can withdraw the funds at any time and pay no taxes.
You can start saving as soon as your child turns 3.
You pay no taxes on the account's earnings.
You can use a 529 plan to prepay tuition at today's tuition rates.
In some states, your 529 account can grow up to $368,000.
How many hours per week do students usually work in a work-study program?