Financing Education After High School

Joshua needs help repaying the loan he got to pursue a graduate program in a top-ranking university. If Joshua opts for a work-study program, he will get a ______________ job. But first, Joshua needs to check if his college participates in the ____________ _____________ ________________.

• full-time

• military

• part-time

• Federal Work-Study Program

• Federal Pell Grant

Julie is using a federal direct student loan to pay for college. She is a sophomore and her college closed down due to financial difficulties. Julie doesn't have to pay back her loan. This is called _______________.

• default

• payment plan

• forgiveness

• bankruptcy

• work-study

Kimberley got a student loan to pay for her computer science degree. Kimberley lost her job and was unable to pay back her loan. This is called _______________.

• default

• payment plan

• forgiveness

• bankruptcy

• work-study

Shelley is studying for a marketing degree. She works for professors, setting up their web pages. Shelley earns $5,000 per year from this job. She uses it to pay for some educational expenses. This is called _______________.

• default

• payment plan

• forgiveness

• bankruptcy

• work-study

Lewis is one of the leading college basketball players in the state of Hawaii.He also maintains a good academic record. Looking at his talent and potential, Loyola University of Chicago offers to bear the expenses for his college education. This is called a ______________ _____________.

• Pell Grant

• merit-based scholarship

• student loan

• employer benefit

Oliver wants to pursue a certificate program in Sports Nutrition. To pay for the course, he borrows money by filing the FAFSA. This is called a ______________ _____________.

• Pell Grant

• merit-based scholarship

• student loan

• employer benefit

Harry comes from a low-income household. He wants to pursue an undergraduate degree in Marketing. He receives financial aid covering 50 percent of his college expenses. Harry does not have to pay back this amount. This is called a ______________ _____________.

• Pell Grant

• merit-based scholarship

• student loan

• employer benefit

Jenna wants to apply for student aid to pay for her college education. Jenna obtains an FSA ID. What is her next step?

• Jenna rechecks the information she provided and makes a few corrections.

• Jenna receives financial aid award letters from various colleges.

• Jenna fills out the FAFSA online.

• Colleges ask Jenna to verify the information in the FAFSA.

• In about two weeks, Jenna receives a document called Student Aid Report (SAR).

Jenna wants to apply for student aid to pay for her college education. Jenna received her Student Aid Report. What is her next step?

• Jenna rechecks the information she provided and makes a few corrections.

• Jenna receives financial aid award letters from various colleges.

• Jenna fills out the FAFSA online.

• Colleges ask Jenna to verify the information in the FAFSA.

• In about two weeks, Jenna receives a document called Student Aid Report (SAR).

Jenna wants to apply for student aid to pay for her college education. Colleges ask Jenna to verify the information in the FAFSA. What is her next step?

• Jenna rechecks the information she provided and makes a few corrections.

• Jenna receives financial aid award letters from various colleges.

• Jenna fills out the FAFSA online.

• Colleges ask Jenna to verify the information in the FAFSA.

• In about two weeks, Jenna receives a document called Student Aid Report (SAR).