Paying for College 101

Which of the following is a method to pay for college that does not require repayment?

• Student loans

• Scholarships

• Work-study

• Credit cards

Tags

TEKS.MATH.6.14G

What is a common requirement for receiving a scholarship?

• Having a part-time job

• Demonstrating financial need

• Maintaining a certain GPA

• Paying a fee

Tags

TEKS.MATH.6.14G

Which of the following is a benefit of a work-study program?

• It provides a full tuition waiver

• It offers a flexible work schedule

• It requires no application process

• It guarantees a job after graduation

Tags

TEKS.MATH.6.14G

What is the primary difference between a grant and a loan?

• Grants must be repaid, loans do not

• Loans must be repaid, grants do not

• Grants are only for graduate students

• Loans are only for undergraduate students

Tags

TEKS.MATH.6.14G

Which of the following is a type of savings plan specifically for education expenses?

• 401(k) plan

• 529 plan

• Roth IRA

• Health Savings Account (HSA)

Tags

TEKS.MATH.6.14G

What is the main advantage of a student loan?

• It does not accrue interest

• It can be used for any personal expense

• It allows students to pay for college over time

• It is only available to students with high GPAs

Tags

TEKS.MATH.6.14G

Which of the following is NOT a method to pay for college?

• Scholarships

• Grants

• Work-study

• Credit card rewards

Tags

TEKS.MATH.6.14G

What is a common feature of a work-study program?

• It provides a full scholarship

• It offers on-campus employment

• It requires repayment after graduation

• It is only available to graduate students

Tags

TEKS.MATH.6.14G

Which of the following is a potential downside of student loans?

• They are interest-free

• They require immediate repayment

• They can lead to long-term debt

• They are only available to part-time students

Tags

TEKS.MATH.6.14G

What is the purpose of a 529 plan?

• To save for retirement

• To save for medical expenses

• To save for education expenses

• To save for a home purchase

Tags

TEKS.MATH.6.14G