Personal Finance -Chapter 3 Income, Education and Career

Front

How do grants and scholarships differ?

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Grants are need-based; scholarships are merit-based.

Front

Work-study is a program that includes
Taking a school job to help pay for an education

Back

Taking a school job to help pay for an education

Front

Which of the following is the best definition of net pay?

Back

The pay you actually take home

Front

Which of the following is the best definition of gross pay?

Back

Your actual salary before deductions

Front

Kenny just left his job interview. Which demonstrates a characteristic of a positive interview? Kenny brought samples of his previous work experience, Kenny brought his mom to the interview for support, Kenny wanted to dress his best and wore a tuxedo, Kenny did little research on the company and it was evident.

Back

Kenny brought samples of his previous work experience

Front

On average, a person with a college degree or post-secondary training earns

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A significant amount more in lifetime earnings than someone with just a high school education.

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Someone who enjoys helping others learn and speaking in front of people might have an aptitude for a career in

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Teaching

Front

In order to qualify for Federal student loan, you must file the FAFSA.

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You must file the FAFSA.

Front

How often must you complete the FAFSA?

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Once a year

Front

The period after graduating or leaving school before you must begin paying back student loans is known as the

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grace period