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WorksheetsFinancing Education After High School
Total questions: 17
Worksheet time: 10mins
Joshua needs help repaying the loan he got to pursue a graduate program in a top-ranking university. If Joshua opts for a work-study program, he will get a ______________ job. But first, Joshua needs to check if his college participates in the ____________ _____________ ________________.
full-time
military
part-time
Federal Work-Study Program
Federal Pell Grant
Julie is using a federal direct student loan to pay for college. She is a sophomore and her college closed down due to financial difficulties. Julie doesn't have to pay back her loan. This is called _______________.
default
payment plan
forgiveness
bankruptcy
work-study
Kimberley got a student loan to pay for her computer science degree. Kimberley lost her job and was unable to pay back her loan. This is called _______________.
default
payment plan
forgiveness
bankruptcy
work-study
Shelley is studying for a marketing degree. She works for professors, setting up their web pages. Shelley earns $5,000 per year from this job. She uses it to pay for some educational expenses. This is called _______________.
default
payment plan
forgiveness
bankruptcy
work-study
Lewis is one of the leading college basketball players in the state of Hawaii.He also maintains a good academic record. Looking at his talent and potential, Loyola University of Chicago offers to bear the expenses for his college education. This is called a ______________ _____________.
Pell Grant
merit-based scholarship
student loan
employer benefit
Oliver wants to pursue a certificate program in Sports Nutrition. To pay for the course, he borrows money by filing the FAFSA. This is called a ______________ _____________.
Pell Grant
merit-based scholarship
student loan
employer benefit
Harry comes from a low-income household. He wants to pursue an undergraduate degree in Marketing. He receives financial aid covering 50 percent of his college expenses. Harry does not have to pay back this amount. This is called a ______________ _____________.
Pell Grant
merit-based scholarship
student loan
employer benefit
Jenna wants to apply for student aid to pay for her college education. Jenna obtains an FSA ID. What is her next step?
Jenna rechecks the information she provided and makes a few corrections.
Jenna receives financial aid award letters from various colleges.
Jenna fills out the FAFSA online.
Colleges ask Jenna to verify the information in the FAFSA.
In about two weeks, Jenna receives a document called Student Aid Report (SAR).
Jenna wants to apply for student aid to pay for her college education. Jenna received her Student Aid Report. What is her next step?
Jenna rechecks the information she provided and makes a few corrections.
Jenna receives financial aid award letters from various colleges.
Jenna fills out the FAFSA online.
Colleges ask Jenna to verify the information in the FAFSA.
In about two weeks, Jenna receives a document called Student Aid Report (SAR).
Jenna wants to apply for student aid to pay for her college education. Colleges ask Jenna to verify the information in the FAFSA. What is her next step?
Jenna rechecks the information she provided and makes a few corrections.
Jenna receives financial aid award letters from various colleges.
Jenna fills out the FAFSA online.
Colleges ask Jenna to verify the information in the FAFSA.
In about two weeks, Jenna receives a document called Student Aid Report (SAR).
Distinguish between the features and benefits of getting a student loan. Select all that apply.
It’s given based on a
student’s financial need
as well as academic
achievements.
It becomes a part of a
person’s credit history.
It’s given based mainly on
a student’s financial need.
It’s borrowed money that
has to be repaid.
Distinguish between the features and benefits of getting a grant or scholarship. Select all that apply.
It’s given based on a
student’s financial need
as well as academic
achievements.
It becomes a part of a
person’s credit history.
It’s given based mainly on
a student’s financial need.
It’s borrowed money that
has to be repaid.
Which of the following government offices help individuals fund their college education?
Office of Postsecondary Education
Office of Educational Technology
Office of Federal Student Aid
Office of Vocational and Adult Education
When does a student need to file the FAFSA?
every year of college attendance
after every semester
at the end of the course
at the beginning of the course
Which is the main factor taken into consideration during distribution of grants and loans among eligible students?
family history
financial need
behavior traits
reading skills
athletic ability
Which two forms of financial aid require the student to bear the costs of college education?
direct loans
federal Pell grant
work-study programs
merit-based scholarships
minority scholarships
Which three of the following expenses can student aid cover?
tuition
television
school supplies
parties and socializing
boarding/housing
