Academic Resource Final Exam

Last Name:

First Name:

Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to attend? Check all that apply.

• tuition
• living expenses
• local movies and restaurants
• books & lab fees
• transportation costs to and from college

Kirk found a local community college with a two-year program and he is comparing the cost with that of an out-of-state two-year school.What is the expected total cost for one year at the local community college if Kirk lives at home?

• $6,845
• $16,206
• $17,340
• $30,566

Tara wants to attend a four-year college to become a math teacher. Which statements explain the possible differences in total yearly cost for attending a public college in state and public college out of state? Check all that apply.

• A public college out of state will have fewer transportation costs than a public college in state.
• A public in-state college charges less for in-state tuition than for out-of-state tuition.
• Books and fees will generally cost more at a private college than a public college.
• Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
• All the extra fees besides tuition are different for in-state and out-of-state public colleges.

Tara and her parents want to save at least $40,000 for college in 8 years. Which statement describes the most effective savings plan for Tara and her parents to meet their goal?

• Tara and her parents should make deposits of $300 every month into a college savings account.
• Tara and her parents should make deposits of $450 every month into a college savings account.
• Tara and her parents should make deposits of $3,000 every year into a college savings account.
• Tara and her parents should make deposits of $4,000 every year into a college savings account.

What is one benefit of privately issued student loans?

• They are issued in cooperation with the student’s university to reduce costs and paperwork.
• They have lower interest rates and can be paid back with lower out-of-pocket costs.
• They are backed by the US government to ensure greater financial security.
• They are available to any student who meets lending standards, regardless of financial need.

One reason a student may seek a federal student loan instead of a private student loan is that

• private loans carry a higher interest rate than federal loans.
• federal loans are obtained by banks, while private loans are backed by the government.
• federal loans must be paid back more quickly than private loans.
• private loans are only available to parents, while federal loans may be issued to the student.

Which type of training would be considered vocational training?

• training to prepare for a career
• training to improve one’s health
• training to learn a new hobby
• raining to improve relationships

Which statement is an example of post-secondary education?

• core classes such as math and English that one takes in high school
• vocational classes such as marketing or computer-aided design that one may take in high school
• a class in a specific computer application or language that one may take to advance in a career
• a dance class that one takes after retiring for enrichment and enjoyment