Virtual Business Final Exam

What is the primary reason for taking college placement tests?

• To determine financial aid eligibility
• To determine your major
• To place you in the appropriate level of courses
• To evaluate your extracurricular involvement

Which of the following best describes a "reach school"?

• A school that is too expensive
• A school where you exceed admission requirements
• A school you’re almost certain to get into
• A school where admission is less likely based on your current credentials

What is one benefit of attending a community college first?

• No homework
• Guaranteed acceptance into any university
• Lower tuition and smaller class sizes
• You can graduate in half the time

Which of the following is typically not required for a college application?

• High school transcript
• Immunization records
• Personal essay
• Letters of recommendation

What is the best time to begin researching colleges?

• After receiving your first college acceptance
• Senior year spring semester
• Junior year or earlier
• Only after choosing a major

What does FAFSA stand for?

• Federal Application for Free Student Assistance
• Free Application for Federal Student Aid
• Federal Assistance for Student Academics
• Free Aid for Student Advancement

Who should complete the FAFSA form?

• Only students who have already been accepted to college
• All students who want to apply for federal student aid
• Only students attending private colleges
• Students with scholarships only

When is the best time to submit the FAFSA form?

• After graduating high school
• In the spring before college starts
• As soon as it opens, typically in October
• Only after filing taxes

Which of the following can you receive by completing the FAFSA?

• Grants
• Work-study
• Student loans
• All of the above

What type of financial aid does not need to be repaid?

• Federal student loans
• Work-study earnings
• Grants and scholarships
• Private loans