Life After High School

Which of the following is a benefit of going to college and obtaining a degree?

• A higher credit score

• Increased amount of debt

• A nicer home

• Higher potential earnings

Which of these is a way to pay for college rather than an expense of attending college?

• Books and Supplies

• Grants

• Room and Board

• Tuition

Scholarships are a great way to minimize the large expense of college. Which statement best describes a scholarship?

• A scholarship is a loan of money that must be paid back before graduating college.

• A scholarship is a loan of money that must be paid backer after graduating college.

• A scholarship is free money that you must qualify for but do not need to pay back.

• A scholarship is free money given to every student who decides to attend college.

Tatiana was offered a large amount of "gift aid" from one of the colleges to which she applied. What is gift aid?

• Gift aid is a type of loan that needs to be paid back on an annual basis.

• Gift aid is free money that you don't have to pay back, and it reduces the total price you'll pay for college.

• Gift aid is money that you work for while in college or career school.

• Gift aid is money that is loaned to you to attend college that you will eventually have to pay back.

Which college payment option is considered "gift aid"?

• Scholarships

• Savings

• Private Student Loans

• Federal Student Loans

Which type of financial aid must be paid back with interest?

• Work Study

• Loan

• Grant

• Scholarship

What's the best advice on how much money to borrow in student loans?

• Under now circumstance should you ever borrow money for college

• Borrow the maximum amount so you have a fun, exciting time during college

• Borrow only what you need for college costs and basic needs

• Borrow less than you need, and just hope they don't kick you out before graduation

Damica wants to attend a college with a ticker price of $45,000. She qualifies for $13,000 in gift aid. What will Damica's net price be?

• $13,000

• $32,000

• $45,000

• $58,000

Violet wants to attend a college that has a sticker price of $21,600. The college has given her gift aid of $9,800 and she received a $2,000 local scholarship. How much money does Violet and her family need to pay for her to attend this college?

• $33,400

• $13,800

• $9,800

• $2,000

All of the following are alternatives to attending a 4-year college except....

• Joining the workforce

• Enlisting in the military

• Obtaining a Bachelor's Degree

• Attending a trade school