FiinLit Review

Sticker price - scholarships =

• gross profit

• net price

• student loan debt

• FAFSA

Answer explanation

net price is the total price you will have to pay out of pocket for college

What form is needed for grants, scholarships, work study programs, & federal student loans

• W-4

• Common College Application

• Student Loan Help Group Form

• FAFSA

Free money from the federal government to pay for college. Based on your family's income.

• FAFSA

• Scholarships

• Grants

• Student Loans

What is JP Taravella's mascot?

• Trojans

• Jaguars

• Warriors

• Colts

In 2021, how much more $ do college graduates make more than non college graduates? (on average, per year)

• $200

• $400,000

• $0

• $1,000,000

What is the #1 form of debt in America?

• Student Loans

• Private Loans

• Car Payments

• Credit Cards

What is the BEST way to raise your credit score when using a credit card?

• make the minimum payments on time

• pay on time & in full

• pay half of your balance now, half later

• Never use your credit card

Shira is trying to decide between getting a debit card, a prepaid debit card, and a credit card. Which statement is true?

• All 3 cards are completely different

• Debit cards and prepaid debit cards are the same

• Debit cards and credit cards are the same

• All 3 cards are completely the same

What is applied to your credit card balance on purchases every month if you don't pay all of your balance right away?

• Credit Score

• Automatic Withdrawl

• Account in poor status

• APR

Which does NOT negatively effect your credit score?

• late payments

• making payments on time every month

• opening 10 new accounts at the same time

• using your DEBIT card to make a very large purchase