Financial Aid and Education Review (7 and 8)

You should only fill out the FAFSA if your family is low-income.

• True

• False

Scholarships are only for students with perfect grades or who play sports.

• True

• False

Federal student loans usually have lower interest rates than private loans.

• True

• False

You only need to apply for the FAFSA one time, before you start college.

• True

• False

You can reduce your student loan debt by choosing a less expensive school or using work-study.

• True

• False

Which of the following is a key difference between public and private universities?

• Public universities only offer two-year programs

• Private universities are funded mostly by donations and tuition

• Public universities are more expensive than private universities

• Private universities don’t offer financial aid

Which educational path is best known for affordability and flexible class schedules?

• Private universities

• Community colleges

• Trade schools

• Certificate programs

What kind of school would someone attend to become an electrician or plumber?

• Public university

• Community college

• Trade school

• Online university

Which of the following would not help reduce the cost of higher education?

• Getting a grant

• Taking out unnecessary loans

• Applying for scholarships

• Using tuition reimbursement from an employer

Skylar attended a trade school for $9,000 and now makes $60,000 a year. Will she have a positive or negative ROI?

• Positive

• Negative