Unit 3 Review

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On The Job Training

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A method where employees learn skills and knowledge by performing their actual job duties in the workplace, often under the guidance of experienced colleagues or trainers.

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Apprenticeship

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An apprenticeship combines paid, on-the-job training with related classroom instruction, preparing you for a skilled career while earning wages and a nationally recognized credential.

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Technical College

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A type of school that provides specialized education and training for specific careers.

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Community College

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A type of school that usually gives you an Associate's Degree or a certificate for a specific job skill.

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EFC

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Expected Family Contribution; a measure of your family's financial strength and is used to determine your eligibility for federal student aid.

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Work Study

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A program that allows students to work part-time while attending school to help pay for educational expenses.

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Income

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Money received, especially on a regular basis, for work or through investments.

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Taxable Income

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The portion of your income that is subject to taxes.

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FAFSA

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Free Application for Federal Student Aid; a form completed by current and prospective college students to determine their eligibility for student financial aid.

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Dividends

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A sum of money paid regularly by a company to its shareholders out of its profits.