Paying for College & Comparing Salaries (Week 3)

Front

What is a scholarship?

Back

A scholarship is a financial award given to a student to help pay for their education, often based on academic or athletic merit.

Front

What is a grant?

Back

A grant is a sum of money given by an organization, often the government, to help pay for education that does not need to be repaid.

Front

What is Work Study?

Back

Work Study is a program that allows students to work part-time while attending college to help pay for their education.

Front

What is a loan in the context of education?

Back

A loan is money borrowed to pay for education that must be repaid with interest after graduation.

Front

How much is Lisa's scholarship worth if her tuition is $12,000 per year for 4 years?

Back

$48,000

Front

What is one advantage of higher education after high school?

Back

The ability to earn more money in the long run.

Front

How much more does a nurse practitioner earn than a registered nurse over 10 years?

Back

$389,400

Front

What is the difference between a scholarship and a grant?

Back

A scholarship is often merit-based, while a grant is typically need-based.

Front

What does it mean to compare salaries?

Back

To compare salaries means to evaluate the earnings of different jobs or professions to understand their financial benefits.

Front

What is the purpose of financial aid?

Back

Financial aid helps students pay for their education through scholarships, grants, loans, and work-study programs.