Understanding College Savings

Question 20 • ***CPS Online Personal Finance fall – 3-2027

Which of these statements about financial aid are true? Select all that apply.

Answer

Most student loans from the government have a lower interest rate than other types of loans.

If you receive a grant, you cannot also get a scholarship.

The FAFSA helps the government determine how much financial aid you need.

Work-study programs provide job experience, but no pay.

Money from scholarships must be paid back.

The FAFSA is available on paper and online.

Understanding College Savings

Understanding College Savings

Planning for the Cost of College