Financing Higher Education Retake

Which of the following is NOT a type of federal student aid?

• Federal Work-Study

• Federal Pell Grant

• Direct Unsubsidized Loan

• Private Scholarship

Which of the following is NOT a benefit of participating in a work-study program?

• Gaining work experience

• Earning money to help pay for education

• Receiving a full scholarship

• Flexible work hours

Which of the following is NOT a type of federal student loan?

• Direct Subsidized Loan

• Direct Unsubsidized Loan

• Perkins Loan

• Private Loan

The cost of not working while attending college is referred to as:

• Tuition cost

• Opportunity cost

• Financial aid

• Scholarship

To ensure your student loan payments are manageable, it is recommended they should not exceed what percentage of your estimated starting income?

• 5-10%

• 10-15%

• 15-20%

• 20-25%

Which of the following is a good strategy for managing college-level coursework?

• Procrastinating assignments

• Skipping classes

• Creating a study schedule

• Ignoring deadlines

What is one potential drawback of pursuing higher education?

• Increased job opportunities

• Higher earning potential

• Accumulating student debt

• Access to advanced knowledge

Which of the following is NOT a method to reduce the cost of higher education?

• Applying for scholarships

• Attending a community college

• Taking out multiple loans

• Living at home

Changing your major in college may result in:

• Graduating earlier

• Losing credits for completed courses

• Lower tuition costs

• Immediate job placement

Which of the following items is NOT necessary for a college application folder?

• High school transcripts

• Letters of recommendation

• Elementary school report cards

• Personal statement