Financial Aid Quizzes, Questions & Answers

Top Trending Financial Aid Quizzes

Quiz to get a baseline of what the advisors understand about financial aid.

Questions: 18 | Attempts: 1755 | Last updated: Mar 21, 2025

Sample Question 1
What form do all colleges, including technical or vocational schools, require of students who want to receive financial aid?

Profile

FAFSA

EFC

Pell

Sample Question 2
How much does the FAFSA cost to complete?

It is always free of charge

High Schools pay any fees for the forms.

In 2009-2010, this academic year, it is $35.00

The online version is free, but there is a fee for the paper version.

This quiz is designed to assess your knowledge of topics within Financial Aid. You have been allotted 30 minutes to complete the quiz. Please review each answer prior to submitting as the online quiz will only...

Questions: 20 | Attempts: 142 | Last updated: May 15, 2025

Sample Question 1
The U.S. Department of Education makes loans through the Direct Loan Program and the ______________ Program.

A. Federal Financial Educating Loan (FFEL)

B. Federal Family Education Loan (FFEL)

C. Friends Family Education Loan (FFEL)

Sample Question 2
Interest is not charged to students or borrowers while enrolled at least half-time, during the grace period and during deferment periods on subsidized loans.

True

False

Recent Financial Aid Quizzes

Public Service Loan Forgiveness! Trivia Quiz

Instructions: The Public Service Loan Forgiveness (PSLF) is a program administered by the Department of Education. Peace Corps Volunteer service is only one piece of the puzzle. To make sure you are comfortable with the basics,...

Questions: 10 | Attempts: 281 | Last updated: Oct 11, 2025

Sample Question
Someone calls/emails and is interested in serving, but they say, “I have student loans, what are some options for student loan benefits?” In addition to referring them to www.peacecorps.gov/loans, how can you respond?

Ask them to contact their lender to see if your federal loans are eligible for an income-driven repayment plan. Encourage them to research PSLF if that makes sense for your specific situation and refer them to https://studentaid.ed.gov/sites/default/files/peace-corps-and-loan-repayment_1.pdf and http://files.consumerfinance.gov/f/201409_cfpb_pslf_guide_peace-corps.pdf

Ask them to contact their lender to see if your loans are eligible for deferment.

Share information about the partial Perkins loan cancellation benefit.

Let them know they can sign up to have payments made from your Readjustment Allowance once they swear in as a Volunteer (after 3 months of pre-service training). They can sign up to do this “allotment” of up to 75% of your Readjustment Allowance ($243.75 as of 10/1/14) through post. The PCV or their POA need to make sure all the information is correct and the payments are going through properly.

All of the above.

Financial Aid & Bursar

Now that you've watched the video presentation from Financial & the Bursar, please answer the following questions to receive credit.

Questions: 5 | Attempts: 321 | Last updated: Mar 16, 2025

Sample Question
On your billing statement, "Comp Service Fee" stands for...

Computer

COMPASS placement test

Comprehensive

Composition

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