Unit 2 Study Guide (Life After High School)

How much does it cost to file your FAFSA?

• It is FREE!

• $100 for each application

• It depends on how much your parents make

Organize these options into the right categories of the cost of attending a university.

Groups:

(a) Direct Cost

,

(b) Indirect Cost

• Meals

• Tuition

• Personal expenses

• Books

• Housing

• Transportation

• Lab fees

• Supplies

True or False? All students who apply for financial aid receive it.

• True

• False

Which of the following does one NOT have to have in order to sign up to join the military?

• ASVAB

• Advanced Education Past High School

• Recruiter

Which term best describes "a sustained increase in the general price level of goods and services over a period of time."

• Inflation

• Deferment

• Net Price

• Internship

Match the following:

• On-campus job that pays towards tuition

• Scholarship

• Must be paid back with interest

• Grant

• Given based on MERIT

• Work Study

• A "gift" that is not paid back

• Loan

How much college costs BEFORE any financial aid.

• Sticker Price

• Net Price

What college actually costs AFTER financial aid is awarded.

• Sticker Price

• Net Price

What is the term for a career development practice where an individual observes and follows a professional in their work environment to learn more about it without getting paid?

• Forbearance

• Deferment

• Job Shadowing

• Work Study

A temporary stop to loan payments where interest IS added and accrues.

• Forbearance

• Deferment

• Loan

• Grant