Exam 10: Making Financial Decisions

Phishing is restricted to email.

One of the advantages of taking a Stafford loan is that interest rates remain low.

If you pay $100 per month on a credit card bill of $5,000 with an 18.9 percent interest rate, you will eventually pay almost __________ in interest alone.

All college scholarships have the same eligibility requirements.

To find out if you are eligible for a college work-study program, contact your

When creating a PIN number, choose familiar numbers (your birthday or telephone number, for example).

What actions can lower your credit score?

If you serve in the Peace Corps or Vista after graduation, part (or all) of your Perkins loan may be canceled.

One sign of credit card danger is spending more than 20 percent of your take-home pay on credit card payments.

What are three questions you should ask before deciding to take a loan?

Tuition, books, and car payments are examples of nondiscretionary payments.

It costs two hundred dollars to obtain access to your credit report.

Discuss three cost-cutting measures.

The finance charges are calculated on unpaid credit card balances.

What does FAFSA stand for?

College students who enroll in the Army, Navy, Air Force, or Marine Corps ROTC programs may be eligible for military scholarships.

What are merit scholarships?

The Anti-Phishing Working Group's (APWG) Public Education Initiative (PEI) created a campaign called

The first step in protecting your identity and financial reputation is

How is credit card interest calculated?