College Aid

Compared with a private loan, interest on a federal student loan will likely be

• higher

• lower

• about the same

What office in the U.S. Government helps students pay for college?

• US Dept of Treasury

• US Dept of Education

• The Federal Reserve

• US Dept of Agriculture

This type of federal aid sets up a job for the prospective student

• Subsidized Loan

• Unsubsidized Loan

• Pell Grant

• Work-Study Program

 This type of financial aid usually does not have to be repaid.

• Scholarships and Grants

• Direct Unsubsidized Loan

• Direct Subsidized Loan

• Private Loan

 This is when you borrow money for school, and you must pay it back with interest.

• Loan

• Grant

• Work-Study

• Scholarship

Researching the average earnings by major and by career can help you determine the _____ of an institute of higher education.

• available scholarships

• net cost

• sticker price

• return on investment

Hiro became an engineer and got a high-paying job a few months after graduation. He went to a public university and took five years to graduate. He got a little bit of grant money and took out a lot of loans.

• Positive Return on Investment

• Negative Return on Investment

Malachi works for a retail store. He went to a community college and thought it would take him two years. But after getting a loan and spending a year and a half in school, he left. Since he didn’t finish, he didn’t get his degree.

• Negative Return on Investment

• Positive Return on Investment

Yasmeen is a nurse. When she started college, she didn’t know what she wanted to do, so she went to a community college for two years. Then she transferred to a public school to finish her degree. She got a grant, a scholarship for her last two years, and a loan.

• Negative Return on Investment

• Positive Return on Investment

Luis repairs air conditioners. He earned a certificate in 6 months and paid for it with one loan. He earns a good salary now and will pay off his loan in two years. What kind of return on investment (ROI) does Luis demonstrate?

• Positive Return on Investment

• Negative Return on Investment

• Neutral Return on Investment

• Can't determine Return on Investment