Posse Financial Planning

When you get your work-study check, the best option is to:

• Deposit the check in your checking account

• Transfer the money to your student account

• Ask for a cash advance to pay back at the end of the semester

You should fill out a FAFSA:

• Once in your senior year of high school before you go to college

• Every year that you're in school

• Whenever you feel like it

Which of the following statements about credit cards is FALSE?

• Using a credit card helps to build your credit.

• You should always try to pay more than the minimum monthly payment.

• A good APR (annual percentage rate or interest) to pay on a credit card is 27%.

Complete the check's blank before "DOLLARS" with the amount of $155.52.

A method of payment linked to your checking account is called:

• A credit card

• A travelers' check

• A debit card

A ____ Loan is a low interest loan made to a bank or other lender and need not be repaid until six months after graduation.

Each of the following are ways to save money in college EXCEPT:

• Buying your school supplies at a discount store instead of the college bookstore

• Buying used books whenever possible

• Apply for food stamps if you are on financial aid

• Eat out every night

What does EFC stand for?

What does FAFSA stand for?

What is FAFSA used for?