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WorksheetsCollege Financial Literacy
Total questions: 20
Worksheet time: 15mins
A plan for using money is called a ___________
loan
savings
income
budget
The money you earn is called
expenses
donations
income
savings
Buying a new pair of shoes
What mathematical operation is used when a withdrawal is made?
addition
subtraction
multiplication
division
some other really cool operation we haven't learned yet
A college will give Kimberley $3,200 per year toward tuition if she competes on the track team. What type of college funding is this?
scholarship
grant
savings
loan
Money that you borrow to pay for college but you have to pay it back with interest
Scholarship
Grant
Student Loan
Financial Aid
The cost of college classes
Tuition
Room & Board
Grants
Financial Aid
The cost of living expenses
Tuition
Room & Board
Grants
Financial Aid
Which of the following would most likely be the least expensive?
Going to 2 years of community college and finishing your last 2 years at a state university
Going to all 4 years of college at a state university and living in a dorm on campus
Going to all 4 years at an out of state university
Select all of the following that represent part of the expenses of going to college. (more than one answer)
Scholarships
Grants
Tuition
Room & Board
Books
What kinds of aid are you eligible for by filing the FAFSA? Select all that apply.
Grants and Scholarships
Private Student Loans
Work-Study
Federal Student Loans
If you received federal (direct) loans, when will you first have to start paying them back? (Let’s assume that you are not enrolled in another college or graduate school.)
While you are in college
The first month after you leave college
Six months after you leave college
One year after you leave college
