WorksheetsFinancial Aid and Education Quiz
Total questions: 24
Worksheet time: 47mins
What is a student loan?
Financial assistance provided to a student to help cover the costs of their education, often based on academic achievement or other criteria.
Financial aid provided based on financial need, typically not requiring repayment.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a scholarship?
Financial assistance provided to a student to help cover the costs of their education, often based on academic achievement or other criteria.
Financial aid provided based on financial need, typically not requiring repayment.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a full-ride scholarship?
A scholarship that covers the entire cost of attending college, including tuition, fees, room, and board.
Financial aid awarded to students based on their demonstrated financial need, typically determined by family income and other factors.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a community college?
A two-year institution of higher education that offers associate degrees, certificates, and transfer programs to four-year colleges and universities.
Financial aid awarded to students based on their demonstrated financial need, typically determined by family income and other factors.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a merit-based scholarship?
Financial aid awarded to students based on their academic, athletic, artistic, or other achievements, rather than financial need.
Financial aid provided based on financial need, typically not requiring repayment.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a need-based grant?
Financial aid awarded to students based on their academic, athletic, artistic, or other achievements, rather than financial need.
Financial aid awarded to students based on their demonstrated financial need, typically determined by family income and other factors.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is work-study?
Financial assistance provided to a student to help cover the costs of their education, often based on academic achievement or other criteria.
Financial aid provided based on financial need, typically not requiring repayment.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a partial scholarship?
Financial aid that covers only a portion of the cost of attending college, leaving the student responsible for the remaining expenses.
Financial aid awarded to students based on their demonstrated financial need, typically determined by family income and other factors.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a field of study?
A specific academic discipline or area of interest pursued by a student in college or university.
Financial aid awarded to students based on their demonstrated financial need, typically determined by family income and other factors.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
What is a grant?
Financial assistance provided to a student to help cover the costs of their education, often based on academic achievement or other criteria.
Financial aid provided based on financial need, typically not requiring repayment.
A type of financial aid that must be repaid with interest.
A program that enables students to work part-time while attending school to help cover educational expenses.
The Dalton family is looking to move to San Antonio to be closer to family. What is the minimum monthly salary they will need after taxes?
$1,965
$2,410
$2,340
Not here
The Dalton family is looking to move to San Antonio to be closer to family. They work a total of 270 hours per month, what is the minimum hourly wage they will need after taxes?
$5.31
$7.28
$8.65
$16.95
The Martinez family is moving to Austin. What is the minimum monthly salary they will need after taxes?
$1,965
$2,340
$2,410
Not here
The Salinas family is moving from Houston to live in Austin. Will Austin be more expensive to live in or less expensive to live in?
More expensive by $70
More expensive by $130
Less expensive by $70
Less expensive by $130
The Gonzalez family is moving to Dallas. What is the minimum monthly salary they will need after taxes?
$1,965
$2,010
$2,340
Not here
While Bea attends college, she is responsible for her personal expenses. Her family pays the remaining expenses. She estimates her expenses a month to be $350. She tutors 5 hours a week. How much does she needs to charge per hour for the tutoring money to cover her expenses? (HINT: 20 HOURS PER MONTH)
$15.00
$17.50
$12.50
$20.00
Jonas estimates his expenses to be $865 a month. While attending college, he can only work part time so he is looking for a job that he can work about 12 hours a week. How much does he need to ear per hour to meet his expenses? (HINT: 48 HOURS PER MONTH)
$18
$17.50
$25
$22.50
Mr. and Mrs. Williams have a monthly budget of $5,000. Mr. Williams is employed and earns $3,800 a month. Mrs. Williams works part time. If she averages 15 hours a week, how much will she need to ear per hour to earn a sufficient amount for the family to meet its budget? (HINT: $5,000 - $3,800 divided by 60 hours per month)
$20
$23
$25
$15
The table summarizes the Van family's monthly expenses separated into 3 categories. According to the information in the table, what is the minimum annual salary that the Vans need in order to meet their needs?
$16,274.16
$49,018.92
$70,828.92
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Mr. and Mrs. O'Reilly are a married couple with no children. They have an estimated monthly expenses of $3,878. What is the minimum annual salary Mr. and Mrs. O'Reilly make in order to meet their expenses? (HINT: multiply by 12 months)
$23,268
$40,563
$46,536
Not here
A married couple moved to a big city and need to find a place to live. They each can afford $550 per month for housing expenses, including utilities. They looked at apartment choices as shown on the table. Which apartment can this married couple afford?
II, III, and IV
III and IV
II and III
I and II
The circle graph represents Melanie's budget. If she works 40 hours per week, what is the minimum hourly wage to the nearest cent, that Melanie must earn in order to meet her needs? (HINT: 40 hrs x 4 weeks)
$13.42
$15.20
$13.67
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Clayton calculates that he has a minimum household budget of $5,600 per month. If he works 200 hours in one month, what is the minimum hourly rate Clayton needs to be paid?
$28
$20
$24
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Jack is not married and does not have any kids. He has an estimated monthly budget of $2,942. What is the minimum annual salary Jack must make in order to meet his budget?
$20,546
$30,403
$35,304
Not here
