How savvy are you when it comes to paying for college? Take our 5-minute quiz to find out!
  1. The first step in applying for federal student aid is filling out the FAFSA (Free Application for Financial Student Aid). The FAFSA includes a long series of questions (about 100 of them), whose answers are analyzed by the federal government. How is your "Financial Need" calculated for federal student loans?
  2. True or False: College tuition rates increase at the same rate as the general inflation rate.
  3. Our Best Value Colleges for 2009 were selected based upon institutional data and student opinion surveys collected from the fall of 2007 through fall of 2008. Broadly speaking, the factors we weighed covered undergraduate academics, costs and financial aid. Additionally, we considered the percentage of graduating seniors who borrowed from any loan program and the average dollar amount of debt those students had at graduation. The #1 public institution was the University of Virginia, and the #1 private institution was Swarthmore College in Pennsylvania. What is the difference in cost (tuition + fees + room and board) between these two schools for an out-of-state entering freshman, based on the latest estimates they've given?
  4. How much federal aid was given to students during the 2007-2008 school year (includes grants, loans, and work study programs)?
  5. How much more do college graduates with a bachelor's degree earn compared to high school graduates without a college degree?
  6. How many of the 100 schools on The Princeton Review and USA Today's "Best Value Colleges" list are tuition-free colleges?
  7. True or false: There are about twice as many not-for-profit, 4-year or above private colleges and universities in the U.S. as there are public colleges and universities
  8. Which of the following is NOT given to students based on financial need?
  9. Which region of the U.S. tends to have more students attending public colleges?
  10. How long is the "grace period" to begin repayment on Federal Stafford loans after graduation, leaving school, or falling below half-time enrollment status?

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