Financial Literacy Days 4-6

Grants are given to students needing help paying for college based on _____

• who needs the money the most

• age

• achievement

• height

A savings account used to pay for college means what?

• The student is in debt.

• The student is using their own money.

• The student is borrowing money.

• The student took out a loan.

Scholarships are given based on _____

• Age

• Achievement

• Height

• Popularity

What types of loans are given out to help students pay for college? (Choose two)

• Loans from businesses

• Private loans from financial institutions

• Family loans

• Federal loans from the government

Which of the following DOES NOT need to be paid back?

• Interest on student loans

• Loans

• Federal and state government grants

• Federal loans

How many years of college on average does it take to earn a Bachelor's degree?

• 5

• 4

• 2

• 4-6

How many years of college on average does it take to earn an Associate's Degree?

• 1

• 3

• 4

• 2

How many years on average does it take to earn a Doctorate Degree (Ph.D)?

• 5

• 2-3

• 4-6

• 8

Bert received financial assistance to pay for his college. After he graduates, he will have to pay back the amount of money he received plus any interest. What type of financial assistance did Bert receive?

• Work-study

• Savings

• Grants

• Student loans

The higher the education completed the _____ the salary.