11.4 Assignment

Ananya is attending college. She received financial assistance for achieving a High School GPA of 3.5. She will not have to pay back the amount of money she received. What kind of financial assistance did Ananya receive?

• Scholarship

• Work-study

• College savings

• Student loan

Which statement best describes a student loan?

• Financial assistance that the student saved before attending school.

• Financial assistance that does not have to be paid back after graduation.

• Financial assistance that requires the student to work while attending school.

• Financial assistance that has to be paid back including interest after graduation.

Joshua plans on attending a 4-year university. He saved $1,200 each year for the past 2 years. He was awarded a one-time $1,750 scholarship. He will earn $2,600 in each of the 4 years through a work-study program. Based on the information, how much of his college expenses will he be able to pay, over all 4 years?

• $11,050

• $14,550

• $5,550

• $58,200

Frances plans on attending a two-year college. The annual tuition at the college is $2,675. She has saved $450 each year for the past 4 years. How much money does she need to pay her tuition for 2 years, in dollars and cents?

Riley received financial assistance to pay for his college education. After he graduates, he will have to pay back the amount of money he received plus any interest that accrues after graduation. Which kind of financial assistance did Riley receive?

• Student loan

• Scholarship

• Work-study

• Savings plan

Which type of college financial aid must be repaid?

• Grants

• Scholarships

• Loans

• Work-study