Everfi - Financing Higher Education Modules 1-3

Everfi - Financing Higher Education Modules 1-3

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What are considered 'free money' options for financing higher education?

Back

Scholarships and grants are considered 'free money' as they do not need to be repaid.

2.

FLASHCARD QUESTION

Front

What does the sticker price of an institute of higher education include?

Back

The sticker price includes tuition, housing, food, books, and other costs.

3.

FLASHCARD QUESTION

Front

What is a positive return on investment for higher education?

Back

A positive return on investment occurs when your earnings potential is higher than the cost of your education.

4.

FLASHCARD QUESTION

Front

Why are net costs of higher education different from sticker prices?

Back

Net costs include all scholarships, grants, and special program financing, while sticker prices do not.

5.

FLASHCARD QUESTION

Front

Which type of loan is based on financial need?

Back

Subsidized loans are based on financial need.

6.

FLASHCARD QUESTION

Front

What is the difference between scholarships and grants?

Back

Both scholarships and grants are forms of financial aid that do not need to be repaid, but scholarships are often merit-based while grants are typically need-based.

7.

FLASHCARD QUESTION

Front

What is the purpose of work-study programs?

Back

Work-study programs provide students with part-time jobs to help pay for their education expenses.

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