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WorksheetsCollege and Career
Total questions: 24
Worksheet time: 48mins
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 netowrk
Guaranteed starting salary of $50,000 after graduation
All of the following are costs of going to college EXCEPT...
Tuition and fees
Room and board
Textbooks and school supplies
Scholarships and grants
When does the FAFSA filing period open every year?
January 1st
June 1st
October 1st
December 1st
Why should you file the FAFSA as early as possible?
It can help your chances of being accepted into schools
Aid is given out on a first-come, first-serve basis
You're guaranteed to get more merit-based scholarships
You'll get a lower interest rate on federal student loans
When filing the FAFSA, you are eligible for all of the following EXCEPT:
Grants and Scholarships
Private Student Loans
Work-Study
Federal Student Loans
How do scholarships and grants differ?
Scholarships are need-based; grants are merit-based
Grants are private forms of aid; scholarships are federal
Grants are need-based; scholarships are merit-based
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 high school student ID number
Your and your parents' tax forms from 2 years priors
A pay stub if you had a job in the past year
Which is TRUE about the FAFSA?
You only need to file the FAFSA 1x in your college career
Your parents must earn below a set amount for you to apply
You need to file it at the start of every quarter/semester
There is no cost to file the FAFSA
Which is TRUE about the Student Aid Index (SAI)?
It's the cost of filing the FAFSA
It's how much you & your family are expected to pay for college
It's another term for "net price"
It's how much your parents must contribute towards college
Which of the following is the correct flow of submitting/receiving these documents?
FAFSA Submission Summary > FAFSA > Financial Aid Package
Financial Aid Package > FAFSA Submission Summary > FAFSA
FAFSA > Financial Aid Package > FAFSA Submission Summary
FAFSA > FAFSA Submission Summary > Financial Aid Package
Which of the following is TRUE about federal and private student loans?
Private loans may be subsidized; federal ones are not
Both types offer the same repayment plans
Private loans always offer fixed interest rates
Fed. loans don't have prepayment penalties; private ones may
How can you lower the total amount you in pay in student loans?
Choose a repayment plan with a longer term
Accept private loans first, then federal ones
Make interest payments during your grace period
Accept loans with variable interest rates, not fixed ones
If you select a repayment plan with a longer term for your loans...
You will have a larger monthly pyament
You will have a smaller monthly payment
You will pay less in interest
You will pay the same amount in interest
What can happen if you don't make payments towards your student loans?
You may lose your car or home
Your loan balance may become due in full, but no interest
You may lose your car or home
Your credit score may suffer
When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK?
Federal Pell Grant
Direct Subsidized Loan
Merit Scholarship
Federal Work-Study
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, federal loans, private loans
Scholarships, work-study, private loans, federal loans
Which of the following is true about a college education?
College is the only way to get a stable, high paying job
College grads have higher lifetime earnings on average than HS grads
College grads have a higher rate of unemployment
More education is related to lower unemployment
Why would you ask for an informational interview?
To learn more about why a job rejected you.
To negotiate your salary offer
To learn more about a career or industry
To improve your chances of getting hired
What is the difference between soft skills and hard skills?
Hard skills are easily measurable; soft skills are "people skills"
Hard skills are more advanced than soft skills
In job postings, hard skills are "required" and soft skills are "preferred"
Soft skills are less important to employers because they're not technical
All of the following are ways to build your professional network, EXCEPT...
Have an "elevator pitch" ready, you may need it
Attend conferences or events related to your field
Stay off all types of social media
Connect & communicate with local professionals
All of the following are effective ways to use social media to find and land a job, EXCEPT...
Network with other people in your industry
Keep your posts and information professional
Follow companies and organizations in your desired field
Criticize your current job to help network & find a new one
A pre-tax employer sponsored retirement program is called...
Traditional IRA
Roth IRA
Mutual Fund
401(k)
Direct deposit is beneficial because...
You are less likely to bounce checks
Your net pay is higher
You can automatically split money into multiple accounts
You endorse your paycheck for security
When asking for a raise, you should...
Prepare evidence of your contributions to the company
Ask for 50% higher than the average market rate
Provide detailed information on your personal finances
Threaten to leave the company
