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Unit 1 - Planning for your Future

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

College savings plan set up by individual states to help save for future education costs

a)

529 plan (EdVest)

b)

401k

c)

Pell Grant

d)

Institutional Aid

2.

Type of loan that allows parent's to borrow money for their children's education

a)

PLUS Loan

b)

Perkins Loan

c)

Dennys Loan

d)

Pell Loan

3.

A commitment to work in a field that you find interesting and fulfilling

a)

Aptitiude

b)

Job

c)

Career

d)

Interview

4.

Everything in your life that involves money

a)

Goals

b)

Opportunity Cost

c)

Values

d)

Personal Finance

5.

Position where a person receives training in a certain field by working with experienced people.

a)

Pell Grant

b)

FAFSA

c)

Internship

d)

Interview

6.

Program where students earn money toward tuition by working part time for a college.

a)

Pell Grant

b)

Perkins Loan

c)

FAFSA

d)

Work Study

7.

Application that is required for all federal financial aid

a)

SAR

b)

EFC

c)

FAFSA

d)

1040EZ

8.

One or two page summary of your education, training, experience and qualifications for a job

a)

Resume

b)

Cover Letter

c)

Interview

d)

References

9.

Type of college degree that usually takes 3-7 years to complete (most often 4)

a)

Master's Degree

b)

Bachelor's Degree

c)

Associate's Degree

d)

PHD

10.

The things you want to accomplish in life

a)

Needs

b)

Opportunity Cost

c)

Values

d)

Goals

11.

Natural abilities that people possess

a)

Hobbies

b)

Values

c)

Personality

d)

Aptitudes

12.

Which of the following types of financial aid needs to be paid back after completing college

a)

Pell Grant

b)

Institutional Aid

c)

Federal Direct Loans

d)

Scholarships

13.

The trade-off made by making one choice instead of another

a)

Values

b)

Need

c)

Opportunity Cost

d)

Personal Financial Planning

14.

Price increases or decrease in demand for goods and services that reduce career opportunities

a)

Geographic Trends

b)

Economic Trends

c)

Demographic Trends

15.

With this type of loan, the US Dept of Education pays for interest accrued while you are in school

a)

Unsubsidized Federal Direct Loan

b)

Subsidized Federal Direct Loan

16.

Which of the following is not one of your rights as an employee

a)

Paid time off for holidays

b)

Cannot be fired because of dicrimination

c)

Paid minimum wage and overtime