
Unit 4 Review
Authored by Jamie Hawn
Life Skills
11th - 12th Grade
Used 52+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
During his senior year, Tyler won a public speaking contest and was awarded a $1,000 scholarship. Which of the following best describes what will happen to that money?
Tyler will receive the check directly from the organization.
The school Tyler attends will give Tyler a check for that amount to do with as he sees fit and then be reimbursed by the scholarships funds.
The school Tyler attends will get the check and apply it to his tuition.
Tyler will receive a tax benefit in the amount of the scholarship award.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the acronym FAFSA stand for?
Financial Application for Free Student Assistance
Federal Association for Financing Student Academics
Free Application for Federal Student Aid
Federal Association for Financing Student Academics
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Student loans are typically discharged when a person declares bankruptcy.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is true about AP classes and Dual Credit classes?
You will always get more schools to accept your Dual Credit college credit than your college credit earned by passing the AP test.
AP classes provide you college credit for passing a test, but only if you pass the class too.
Dual Credit courses provide you college credit for passing a test.
Dual Credit does not require you to pass a single test to get college credit, but only provides you college credit at a specific school that has agreed to it in advance.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT considered a type of financial aid available for college?
Personal savings
Your job reimburses your tuition costs
The federal Pell Grant
A tuition waiver from a college department
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You are required to start making payments on your student loans 90 days after you graduate from college.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the correct formula for calculating ROI?
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