AnswersCMS 2026-2027 Economics and Personal Finance INITIAL CREDITPractice TestQuestion 1
1
practice testMultiple Choice

Practice Test

Question 1 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Which statements about the offer are true? Choose four correct answers.

Answer
A
She will need to repay $16,000 for each year of college.
B
Financial aid will cover $11,000 for each year of college with no need to repay.
C
The total cost per year is $22,300.
D
She could use money from savings or parental contributions to pay the remaining $6,300 each year.
E
She could use a student loan to pay the remaining $6,300 each year.
F
Financial aid will cover $16,000 for each year of college with no need to repay.
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