EVERFI Module 6

Textbooks, transportation and room and board are all...

• additional costs for attending a college or university.

• included in a school's tuition.

• included in the price of attending a college or university.

• usually offered to students who stay on campus.

Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades are average, but she comes from a low-income family. What could she do to in order to afford the next step in her dream to become a nurse?

• A. Maria has to wait until she saves up enough money to pay for tuition.

• B. Maria could apply for federal grants to help pay for college.

• C. Maria can apply for need-based scholarships.

  Both b and c are correct.

• Both B and C are correct.

A 529 plan can help you save more money than a traditional savings account because...

• it is given to you at a very young age.

• the interest rates are considerably better.

• it is linked to the stock market.

• it is a tax free.

Living on campus while earning your degree can help you save money on...

• transportation.

• tuition.

• room and board.

• books and supplies.

Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?

• You can fill out the FAFSA if you are an independent or a dependent.

• Each state may have a different deadline for state financial aid.

• You can fill the form out online or on paper.

• The earliest you can submit your FAFSA is January 1st of each year.

What has the biggest impact on whether a 4 year university is affordable?

• The distance you live from the university.

• Whether you live in the same state as the university.

• Whether it is a public or private university.

• The amount of financial aid that the university offers.

Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?

• It allows you to be eligible for federal student aid.

• It allows you to be eligible for some grants.

• It allows you to be eligible for many scholarships.

• It allows you to be eligible for early admission.

The fact that you are more likely to earn more money over your lifetime with a post secondary degree means...

• the more money you pay for the degree guarantees a higher salary.

• the cost of a post secondary degree is worth it.

• you should not be concerned about the amount of debt you go into to pay for it.

• the cost of a post secondary degree should be avoided.

What are the benefits of attending a local community college?

• You can live at home and save dorm fees while earning an Associate’s degree.

• Choosing a local community college within closer driving range saves on transportation costs.

• It is cheaper to earn an Associate’s degree at a community college and then transfer to a four-year college to finish.

• All of the above.

It does not make sense to avoid post secondary education because of its cost since in the long run:

• You can get grants and scholarships to pay for post secondary education while you are there.

• There are less expensive options for obtaining a post secondary education.

• The salary you will earn with a degree will pay back the cost of college over your career.

• You or your parents can write it off your taxes.