1. When your kids are young, the most heavily weighted investment in their college savings portfolios should be:
    Bonds
    Stocks
    Annuities
    Money market funds
2. Your retirement savings:
    Will lower the amount of financial aid your child may receive
    Should be put off until you're sure you have enough to pay college tuition
    Should be your top financial priority, even if you don't have much in college savings
3. If you open a 529 college savings plan, you won't be able to:
    Contribute more than $ 2,000 a year for your child's education
    Get state and federal tax breaks on your investments
    Be guaranteed a specific rate of return on your investment
4. The HOPE credit is:
    A tax deduction that can be taken up to five years after your child finishes college
    A credit card marketed exclusively to full-time college students
    A tax credit that parents can take during their child's first two years of college
    A tax credit that can be taken the same year as the Lifetime Learning Credit
5. If you're married and filing jointly, to qualify for the HOPE and Lifetime Learning credits, your adjusted gross income must be:
    Less than $ 35,000
    Less than $ 50,000
    Less than $ 80,000
    Less than $ 100,002
6. If you make 48 consecutive on-time payments on a student loan, most private lenders will:
    Forgive the rest of your interest payments
    Take two percentage points off your interest payments
    Send you a useless chachka with their logo as a bonus for good behavior.
7. If you opt to consolidate your student loans:
    Your interest rate will not exceed 8.25 percent on the whole package
    You may substantially increase the total amount of interest you pay
    You may end up paying the debt back over 30 years
    All of the above
8. All these are forms of federal financial aid except:
    Pell grants
    Perkins loans
    Excel loans
    Supplemental Educational Opportunity grants
9. Federal Perkins loans are offered to students based on:
    Financial need
    Good grades
    Good grades and financial need
    Razor-sharp wit and athletic prowess
10. What's one main difference between the subsidized and unsubsidized Stafford loan?
    One is based on need; the other isn't.
    One has a fixed interest rate; the other has a variable rate.
    One helps pay for tuition; the other for room, board and other sundry costs.