WorksheetsUnit 11 Review
Total questions: 30
Worksheet time: 15mins
How long does it typically take to get a Bachelor's Degree?
2 years
4 years
5 years
6 years
What is a drawback of private schools?
no career counselors
they are more expensive
lack of options
lack of networking
What is an advantage of community colleges?
more options
lower tuition
on campus housing
more prestige
What is a reason for going to a trade school?
more options
easier schedule
hands-on training
free tuition
What is a benefit of a public university?
campus life and programs
prestige
low cost for out-of-state students
no meal card requirement
What is true about student loans?
they don't have to be paid back
there is no interest
they may be government-backed or private
they are all subsidized
What is a long-term benefit of post-secondary education or training?
start making money sooner
no student loans
higher average lifelong earnings
guaranteed employment
What kind of aid does NOT need to be paid back?
loans
unsubsidized interest
tuition
grants
What is an additional expense that students have to pay in college?
fees
federal grants
interest on scholarships
professor's salaries
What should you consider when choosing a college?
acceptance rate
debt after graduation
earnings after graduation
all of these
What is one way to save money on post-secondary education?
start at private university, then transfer
start at a community college, then transfer
default on your loans
enroll in a full time schedule
What is the net price of college?
the cost that is advertised
the amount of aid you receive
what you pay after aid is calculated
the amount of your loan that is subsidized
How does a work-study program help?
guaranteed job after graduation
provides free tutoring
allows students to earn money and pay for college at the same time
cancels all tuition
What is the sticker price of college?
What you actually pay
the cost that is advertised
the amount of aid you receive
the operational costs
Which type of school receives funding from the federal government?
private university
public university
trade school
technical school
How much do you have to pay to complete the FAFSA?
it depends on student income
it depends on parent income
it is free
$100 fee each year
What does the completed FAFSA do?
determines what scholarships you can get
gives every student the same amount of aid
automatically gives every applicant some free money
determines your financial needs for college
Which colleges should you send your FAFSA information to?
only the ones you have applied to
every school in your state
every school you are considering
only the school you are going to
Which of the following do you not have pay back?
subsidized loans
unsubsidized loans
private loans
grants
What is one reason private schools are usually more expensive than public colleges?
They have more programs
They have bigger campuses
they have fewer students attending
They have no influential alumni
What payment method can you use to shorten your loan term?
only pay quarterly (4 times a year)
pay extra money every month
make your payments early in the month
do not make down payments
What is a good option if you plan on entering a vocational career?
private university
graduate school
trade school
public college
Who needs an FSA ID?
college counselors
students only
parents only
students and parents
Which of the following is the amount you have to pay for college?
sticker price
loan interest
grants
net price
After completing the FAFSA, who will tell you how much aid you are eligible for?
the federal government
state governments
the school that accepts you
a loan servicer
How often do you have to complete the FAFSA?
every semester
once a year
only once
at the beginning and end of college
What is the most important document you need to fill out the FAFSA?
your college application
your tax returns
your high school transcript
your resume
What does deferment mean?
canceling your student loan
pausing payments on your student loan
paying your student loan off early
having your cosigner pay off your student loan
What is a consequence of letting your loan payments become delinquent?
jail time
late fee
loan cancellation
subsidy
What is a legal action that can be taken if your student loans are far past due?
jail time
wage garnishment
felony
misdemeanor
