Career Planning and Development Concepts

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What is an internship?

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A time spent working for a company in an industry of interest that can be paid or unpaid, but offers great experience in a field.

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What are scholarships?

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Financial aid available for residents of every state, all religious affiliations, and academic interests.

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What is the first step in the career planning process?

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Assessing your personal interests, abilities, and goals.

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What is a student loan?

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Money borrowed by a bank or the government to pay for education that must be paid back.

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What is a defined contribution plan?

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A type of retirement plan in which the amount invested is controlled by the employee, with no guarantee of benefits.

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What is the purpose of career planning?

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To help individuals assess their interests and abilities to make informed career choices.

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What is the difference between scholarships and loans?

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Scholarships do not need to be repaid, while loans must be paid back with interest.

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What is a 401(k)?

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A retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out.

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What is the significance of networking in career development?

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Networking helps individuals build relationships that can lead to job opportunities and career advancement.

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What is a resume?

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A document that summarizes a job applicant's work experience, education, skills, and accomplishments.