Financial Aid Quizzes, Questions & Answers

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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: 280 | Last updated: Oct 11, 2024

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: 302 | Last updated: Mar 16, 2023

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

Computer

COMPASS placement test

Comprehensive

Composition

Skill Assessment Financial Aid

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, 2024

Sample Question
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)

Financial Aid Quiz

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

Questions: 18 | Attempts: 1734 | Last updated: Mar 21, 2023

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

Profile

FAFSA

EFC

Pell

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