Northland Personal Finance

What's another name for Sticker Price?

• Direct Costs

• Total Cost of Attendance

• Variable Costs

• College Expenses

What does Direct Cost mean for college students?

• The total cost for the year

• Direct loans that are taken out immediately

• The amount the student does not have to pay back

• The amount billed DIRECTLY to the student

Explain what the Variable Cost is for students?

What are the FOUR ways to pay for college that we talked about today?

• Grants, Scholarships, Loans, Shippings

• Grants, Spending, Loans, Saving

• Grants, Scholarships, Listings, Saving

• Grants, Scholarships, Loans, Saving

You receive a Grant based on what?

• Time spent in the classroom

• FAFSA

• Community Service

• Hours spent at a job

Your LOANS must be paid back with (a)   ?

What is the TOTAL amount of Loans that you can take out with the Federal Direct Loan Program?

• $29,000

• $30,000

• $31,000

• $32,000

Is a SCHOLARSHIP free money or something you need to pay back?

• Free Money

• Paid Back

Can you receive good scholarships for having good grades?

(AKA: Grades are IMPORTANT!!!)

• Yes

• Yah

• Yup

• Yes Sir

How are you going to save for college?

• Save money where I can

• Get good grades

• Job

• Savings account