Financial Literacy

Textbooks, transportation and room and board are all..

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

• additional costs for attending a college or university.

• included in a school's tuition.

• usually offered to students who stay on campus.

What are the benefits of attending a local community college?

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

• 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.

• All of the above.

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

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

• additional costs for attending a college or university.

• included in a school's tuition.

• usually offered to students who stay on campus

Which of the following is true about the Free Application for Federal Student Aid (FAFSA)?

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

• The form is available online or on paper

• States may have different deadlines for applying for state aid.

• All of the above

Whattype of federal funding is free money, but is based on financial need only?

• Federal grants

• All federal scholarships

• The 529 Plan

• None of these are correct

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?

• Maria has to wait until she saves up enough money to pay fortuition.

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

• Maria can apply for need-based scholarships.

• Both B and C are correct

Wearing a seat belt, not texting when driving, and driving carefully are all examples of...

• insurance policies.

• warranties.

• risk management strategies.

• deductibles.

Why is it important to have insurance?

• It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something happens to them or their property

• So individuals can defend against the possibility of financial loss due to unpredictable event

• So people can engage in risky behavior without financial consequences

• A and B

Savings accounts typically offer more interest than what type of account?

• Retirement account

• Money market account

• Checking Account

• Certificate Account

What should you do before you use an ATM?

• Inspect the ATM and its surroundings to make sure it is safe to use.

• Ask someone nearby for help using the ATM

• Share your pin number with trusted friends so you don't forget it.

• Memorize your debit card number because you'll need to type it in at the ATM.