Unit 3 Life After School Test

What is a grant?

• A loan that must be repaid

• A form of financial aid that does not need to be repaid

• A scholarship based on academic achievement

• A work-study program

Which of the following is a form of federal or state financial aid?

• Scholarship

• Grant

• Loan

• Work-study

Which financial aid form is completed annually by students?

• Scholarship application

• FAFSA

• Grant application

• Work-study application

What is the main reason 80% of college students drop out?

• Academic challenges

• Financial troubles

• Health issues

• Lack of interest

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

What can defaulting on a student loan lead to?

• No consequences

• Serious consequences

• Automatic loan forgiveness

• Lower interest rates

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What is the consequence of not paying student loans every month?

• They are forgiven

• They accumulate interest

• They are reduced

• They are transferred to another lender

What is the advantage of on-the-job training?

• Learning from textbooks

• Working with a skilled worker

• Delayed learning

• No practical experience

What is a potential outcome of attending trade schools?

• No income

• Good income

• Limited skills

• No job prospects

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

What is a common feature of trade schools?

• High tuition fees

• Short duration

• No skill development

• Theoretical focus

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What is the role of community colleges in certification programs?

• Offer only degree programs

• Provide free or low-cost certifications

• No involvement

• Charge high fees