Financial Literacy

Next year, Richard is getting a student loan to pay for college. Which statement best describes a student loan?

• 
  Borrowed money that must be paid back with interest
• Money that is awarded to students usually based on need with no obligation to repay
• A bank account in which a person's money earns interest
• Money that is awarded to students based on educational achievement with no obligation to repay

Susanne is going to college and was informed that she will get a grant to pay for her tuition. Which statement describes a grant?

• Money that a student receives in exchange for work
• Money that a student must pay back when he or she graduates
• Money that a student has started saving well before the start of college
• Money that a student receives based on need and does not need to pay bac

Tags

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.7.2

CCSS.RL.8.2

Eduardo plans to attend college after he graduates from high school. He is making a smart move and planning early for how he will pay for college. He is applying for several types of financial aid. Which of the following is NOT a type of financial aid?

• Grants
• Student Loans
• Current Income
• Scholarships

Tags

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RL.6.1

CCSS.RL.7.1

In researching ways to pay for college Meg is realizing that there are a lot of scholarships available. Which of the following is true about scholarships?

• Scholarships have different application deadlines and requirements.
• Scholarships are paid by only private corporations and wealthy families.
• Scholarships are only for high school students with very good grades.
• All scholarship applications are due by the end of the first semester of the student's senior year.

Tags

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.7.2

CCSS.RI.5.2

Your uncle deposited $50 each month into a bank account. Your uncle plans to use the money to help pay for college. What type of college funding does this describe?

• grant
• scholarships
• loan
• savings

Tags

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RL.6.1

CCSS.RL.7.1

A college will give Kimberley $3,200 per year toward tuition if she competes on the track team. What type of college funding is this?

• scholarship
• grant
• loan
• savings

Tags

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RI.7.2

CCSS.RL.8.2

Benjamin's college estimates that he can earn about $2,500 during the school year by working at the campus bookstore. What type of college funding is described?

• scholarship
• grant
• work study
• savings

Erica is looking at several different career choices online. She notices that the salary earned for a job is closely tied to the education level that one completes. What trend does Erica mostly notice in her search?

• For many careers, the higher the level of education completed, the higher the salary will be.
• Salaries are higher for jobs with less education completed.
• The salary tends to be the same for careers which require a college degree and for careers which require a high school diploma.
• There is little change in salary between jobs which require a bachelor's degree in college and jobs that require a doctorate degree.

Tags

CCSS.RL.6.1

CCSS.RL.7.1

CCSS.RI.6.1

CCSS.RI.7.1

CCSS.RI.8.1

Regina is considering her options after high school. Which of the following degrees will give her the most earning potential?

• high school diploma
• associate's degree
• undergraduate degree
• graduate degree

Bobby is considering his options after high school. Which of the following degrees will give the least earning potential?

• Bachelors of Science
• Graduate Degree
• Associates of General Education
• Bachelor's of Art