College and Careers

Besides tuition, most colleges also charge their students for...

• room & board

• extra fees

• books

• all of the above

Answer explanation

In addition to tuition, colleges typically charge for room & board, extra fees, and books. Therefore, the correct answer is 'all of the above' as it encompasses all these additional costs.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.5.3

Scholarships and grants are available for many college students, and they...

• have deferred payment

• give students a job to help pay

• don't have to be paid back

• have a low interest rate

Answer explanation

Scholarships and grants are financial aid that students receive which do not require repayment, making the correct choice 'don't have to be paid back'. This distinguishes them from loans, which must be repaid.

Tags

CCSS.RL.6.1

CCSS.RI.6.2

CCSS.RL.6.2

CCSS.RI.7.2

CCSS.RL.5.1

What degree provides the highest earning potential in pay?

• High School  Diploma

• Associate's Degree

• Undergraduate Degree

• Master's Degree

Answer explanation

A Master's Degree typically leads to higher-level positions and specialized skills, resulting in greater earning potential compared to a High School Diploma, Associate's Degree, or Undergraduate Degree.

If a person with a master's degree earns 30% more than someone with an undergrad degree, what would Susie make if she got her master's and she makes $50,000 now?

• $166,666

• $65,000

• $50,030

Answer explanation

If Susie earns $50,000 now, a master's degree would increase her salary by 30%. So, $50,000 + (30% of $50,000) = $50,000 + $15,000 = $65,000. Therefore, Susie would make $65,000 with her master's.

Tags

CCSS.6.RP.A.3C

(6.14H) Based on the following scenario, what is the difference in lifetime income over 30 years of employment for individuals with 2-year vocational training and graduate degrees?
2 year vocational training = $52,000 average annual salary
Post graduate degree = $76,000 average annual salary

• $720,000

• $7,200

• $7,200,000

• $72,000

Answer explanation

To find the difference in lifetime income, calculate: (76,000 - 52,000) * 30 years = 24,000 * 30 = 720,000. Thus, the difference in lifetime income over 30 years is $720,000.

Tags

CCSS.7.EE.B.3

(6.14G) Which list contains methods to pay for college that do not require students to make payments back to lenders?

• student loans and work-study

• scholarships, student loans, and savings

• savings, scholarships, and grants

• grants, scholarships, and student loans

Answer explanation

The correct choice is 'savings, scholarships, and grants' because these methods do not require repayment. In contrast, student loans must be repaid, making them ineligible for this question.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.7.3

(6.14G) Jared's family has been saving $500 per month for his college education since Jared was born. How much money will Jared's family have saved up by the end of Jared's 18th year?

• $6,000

• $9,000

• $36,000

• $108,000

Answer explanation

Jared's family saves $500 each month. Over 18 years (216 months), they will save 500 x 216 = $108,000. Thus, the correct answer is $108,000.

Tags

CCSS.HSF.BF.A.2

Many payment options are available to help with the cost of a college education. A payment option that allows you to work on campus at your college and earn money is called what type of payment option?

• scholarship

• loan

• pell grant

• work-study program

Answer explanation

The correct answer is 'work-study program' because it specifically refers to a payment option that allows students to earn money by working on campus, helping to cover their college expenses.

There are options available to pay for college. A type of college payment option that you receive for maintaining excellent grades and performing well (merit) on standardized test is called what type of payment option?

• a work-study

• a scholarship

• a loan

• a savings plan

Answer explanation

A scholarship is a financial aid option awarded for academic excellence and high standardized test scores, making it the correct choice for this question about merit-based college payment options.

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.5.3

Attending college or vocational training beyond a high school degree offers what benefits?

• All people with college degrees or vocational training have jobs.

• Those with college degrees generally earn more money over their lifetime than those with only a high school diploma.

• Attending a vocational school or college will guarantee you find a job that you will love.

• People with college degrees or vocational training are happier people.

Answer explanation

The correct choice highlights that those with college degrees typically earn more over their lifetime compared to those with just a high school diploma, reflecting the financial benefits of higher education.

Tags

CCSS.RL.6.1

CCSS.RI.6.1

CCSS.RI.6.8

CCSS.RI.5.8

CCSS.RI.7.8