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Unit 4: Paying for College

Authored by Jonathan Harris

Other

9th - 12th Grade

Used 2+ times

Unit 4: Paying for College
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

While doing online research about the colleges you're considering, you see an ad that says, "Enter a few vital pieces of information, pay $39.99 per month, and we guarantee you'll win a scholarship. You don't even have to write an essay! Sign up today with just your name, social security number, and an email address!" How should you proceed?

Sign up, but use a fake email address in case it's spam

Sign up, because at $40 per month, it will be a bargain if you win thousands in scholarships

Don't sign up unless your parent says it's OK to use their credit card for the payments

Don't sign up, because you shouldn't pay money to win scholarships, and you shouldn't enter your SSN into unknown websites

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money awarded to students that does NOT need to be repaid, often based on need

Loan

Grant

Savings

Work Study

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money awarded to students based on achievement, does NOT have to be repaid

Grant

Loan

Work Study

Scholarship

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Money borrowed that has to be paid back with interest

Grant

Loan

Work Study

Scholarship

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Media Image

If you select a repayment plan with a longer term for your loans...

You will have a larger monthly payment

You will have a smaller monthly payment

You will pay less in interest

You will pay the same amount in interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

True or false: some scholarships require students to maintain a certain GPA.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of these is a good strategy when taking out student loans?

Only borrow what you actually really need to.

Take out as much money as possible so that you don't have to stress about money while in school.

Only borrow money from banks instead of the government.

Take out a lot of loans and then declare bankruptcy so that you don't have to pay them back.

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