Funding your education: Review

Lifelong learning

• acquiring new knowledge and skills throughout ones life

• something u forget over time

• something u need to know

• a time scale

Grant

• a payment u have to pay to a judge

• usually provided by a non-profit organization

• college class

• money u loose

You want to attend a private school away from home for your bachelor’s degree. However, your family wants you to attend a local college. The private school would cost $47,800 each year for four years. The local college would cost $5,985 each year for four years. No help is available in scholarships or grants for either school. How much could you save by attending the local college for four years?

• 156,985

• 325,523

• 167,260

• 132,240

A college degree that typically takes four years to complete is a(n)

• A. associate’s degree.

• B. bachelor’s degree.

• C. master’s degree.

• D. doctorate degree.

Schools that focus more on skills than academics are called

• A. trade schools.

• B. vocational schools.

• C. technical colleges.

• D. All the above.

Grants for funding your education

• A. do not have to be repaid.

• B. have to be repaid.

• C. are provided only by government agencies.

• D. are not provided by government agencies.

A method of funding higher education that requires that the money be repaid is a

• A. loan.

• B. grant.

• C. work-study program.

• D. All the above.

Mentor

• a secret spy

• someone that help u give up

• someone that help u see

• someone who share knowledge and skills with you

529 plan

• a person u can call for help

  on tax

• something u have to pay for

• a loan

  from a bank

• A saving plan for education

Scholarship

• a fasfa

• a payment u make for a class

• Financial aid given to accomplishments of other types of merit

• a class u take for college