Career Test

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

• Grants

• Tuition

• Room & Board

• Books & Supplies

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

• A higher credit score

• Higher potential earnings

• A nicer home

• Increased amount of debt

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

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

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

Which college payment option is considered "gift aid"? 

• Federal student loans

• Private student loans

• Savings

• Scholarships

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

• Scholarship

• Grant

• Loan

• Work Study

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

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

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

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

• Under no circumstance should you ever borrow money for college

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

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? MUST SHOW WORK!!

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

• Joining the workforce

• Obtaining a Bachelor's degree

• Attending a trade school

• Enlisting in the military