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WorksheetsCareer Test
Total questions: 20
Worksheet time: 12mins
Which of these is a way to pay for college rather than an expense of attending college?
Grants
Tuition
Room & Board
Books & Supplies
Which of the following is a benefit of going to college and obtaining a degree?
A higher credit score
Higher potential earnings
A nicer home
Increased amount of debt
Scholarships are a great way to minimize the large expense of college. Which statement best describes a scholarship?
A scholarship is a loan of money that must be paid back before graduating college.
A scholarship is a loan of money that must be paid back after graduating college.
A scholarship is free money that you must qualify for but do not need to pay back.
A scholarship is free money given to every student who decides to attend college.
Tatiana was offered a large amount of "gift aid" from one of the colleges to which she applied. What is gift aid?
Gift aid is money that is loaned to you to attend college that you will eventually have to pay back.
Gift aid is money that you work for while in college or career school.
Gift aid is free money that you don’t have to pay back, and it reduces the total price you’ll pay for college.
Gift aid is a type of loan that needs to be paid back on an annual basis.
Which college payment option is considered "gift aid"?
Federal student loans
Private student loans
Savings
Scholarships
Which type of financial aid must be paid back with interest?
Scholarship
Grant
Loan
Work Study
What’s the best advice on how much money to borrow in student loans?
Borrow less than you need, and just hope they don’t kick you out before graduation
Borrow only what you need for college costs and basic needs
Borrow the maximum amount so you have a fun, exciting time during college
Under no circumstance should you ever borrow money for college
Damica wants to attend a college with a sticker price of $45,000. She qualifies for $13,000 in gift aid. What will Damica's net price be? MUST SHOW YOUR WORK!
(a)
Violet wants to attend a college that has a sticker price of $21,600. The college has given her gift aid of $9,800 and she received a $2,000 local scholarship. How much money does Violet and her family need to pay for her to attend this college? MUST SHOW WORK!!
(a)
All of the following are alternatives to attending a 4-year college except...
Joining the workforce
Obtaining a Bachelor's degree
Attending a trade school
Enlisting in the military
Celia does not think she wants to attend college after high school. What is one advantage of choosing something OTHER than a 4-year college?
She can enter the workforce and start earning money sooner than those obtaining a college degree.
She may not earn as much money over her lifetime compared to those with a college degree.
She will likely have a higher amount of debt compared to those with a college degree.
She will likely spend more time searching for a job and therefore, be able to live with her parents longer.
Melora is researching careers and is confused on the difference between the STARTING salary and MEDIAN salary for each career choice. Select the answer that defines them correctly.
Starting salary is the amount you will make in the first year of your new profession. Median salary is the middle of the pay scale for that profession.
Starting salary is the middle of the pay scale for that profession. Median salary is the amount you will make in the first year of your new profession.
Starting salary and median salary are defined the same, which is the middle of the pay scale for that profession.
Starting salary and median salary are defined the same, which is the amount you will make in the first year of your new profession.
What is the purpose of a budget?
A budget is a tool to help manage the money in your bank account.
A budget is a spending plan of your income and expenses.
A budget is a portfolio of investments that grow over time.
A budget is a tool to help build your credit score.
Tivona is researching careers and trying to decide which one would be the best fit for her. Which is a main question she should ask herself to improve her chances of loving her career?
Does anyone else in my family have this career?
Do my friends like this career choice?
Am I passionate about this type of work?
Will this career make me famous?
Fill in the missing blanks from the equation:
Sticker Price - ___________=___________
(a)
If Tony wants to attend a college with a sticker price of $20,500 and he qualifies for gift aid of $4000, what will Tony's net price be? Who pays this net price?
SHOW ALL WORK!!
(a)
Ashley wants to attend FAMU, where the sticker price is $70,000 per year. FAMU is giving her a $30,000 per year grant. She also won a $1000 scholarship for winning an essay contest and The nonprofit where her mom works is giving her an annual $2,000 scholarship. What is the net price for Ashley to attend FAMU during her first year?
(a)
Ashton has his heart set on being a first-year student at FSU next fall, where the sticker price is $50,000. He has been awarded $3,000 per year for a basketball scholarship and he qualifies for a $1,500 grant from the state. Also, his parents have saved since his birth and can contribute $4,000. How much of the cost for his first year does Ashton have to cover using loans?
(a)
Imani is planning to get an associate’s degree in office management from Broward Community College, where the sticker price is $9,500 per year. Her outstanding high school grades earn her a $2500 per year merit scholarship from the college. Also, her favorite aunt gave her $500 as a high school graduation gift.
(a)
Penny plans to go out-of-state to Howard University to major in chemical engineering, and the sticker price of that school is $82,000. She receives $5,000 in high school graduation gifts from friends and family. Howard University awarded her 10,000 for achieving outstanding grades in high school and she has been awarded $6,000 per year for a volleyball scholarship.
(a)
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