Unit 5

John is a senior in high school and is expected to graduate in June.  He earned a score of 28 on his ACT and has a GPA of 3.8 (on a 4.0 scale).  He enjoys school, and wants to continue his education and pursue a degree in medicine.  Of all post-high school options, which would be most realistic for him?

• Work full-time

• Apply to a four-year college to earn a Bachelor's Degree

• Enroll in a technical or trade school to learn a specific skill or trade school

• Start a business

Which of the following professions are offered through both apprenticeship programs and the military?

• Electrician

• Retail salesperson

• Car Sales

• Teaching

What is a benefit of going to college and having a college degree?

• Lower lifetime earnings

• Lower interest rates on future loans

• Expanded professional and social network

• Guaranteed starting salary of $50,000 after graduation

 

All of the following are costs of going to college EXCEPT which of the following?

• Tuition and fees

• Cell phone bill

• Room and board

• Scholarships and grants

When does the FAFSA filing period open every year?

• January 1st

• October 1st

• June 1st

• December 1st

Why should you file the FAFSA as early as possible?

• It can help your chances of being accepted into schools

• You're guaranteed to get more merit-based scholarships

• Aid is given out on a first-come, first-serve basis

• You'll get a lower interest rate on federal student loans

 

How do scholarships and grants differ?

• Scholarships are need-based; grants are merit-based

• Grants are need-based; scholarships are merit-based

• Grants are private forms of aid; scholarships are federal

• They're not different; they are one and the same

What do you need to file your FAFSA if you're a dependent?

• Just your tax forms

• Your and your parents' tax forms from 2 years priors

• Your medical records

• A pay stub if you had a job in the past year

What can happen if you don't make payments towards your student loans?

• You will owe all interst in full after 270 days

• Your credit score may suffer

• Your loan balance may become full in due, but no interest

• You are eligible for additional loans

In what order should you accept different types of financial aid?

• Work-study, scholarships, federal loans, private loans

• Private loans, scholarships, work-study, federal loans

• Scholarships, work-study, private loans, federal loans

• Scholarships, work-study, federal loans, private loans