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761 Financial Wellness

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

A federal student loan, (FAFSA), stands for...

a)

Federal Aid for Student Aid

b)

Free Application for Federal Student Aid

c)

Free Aid for Student Aid

d)

Federal Application for Federal Student Aid

2.

Which of the following is considered a POOR credit score?

a)

760

b)

630

c)

550

d)

840

3.

Which of the following does NOT qualify as emergency spending?

a)

Car Failure

b)

Medical Care

c)

Home Repairs

d)

Hair/Nails

4.

Financial Aid INCLUDES loans and scholarships, bur does NOT include grants.

a)

True

b)

False

5.

If possible, how much of your paycheck should go to savings?

a)

30%

b)

50%

c)

20%

d)

80%

6.

Which of the following are efficient ways to save money?

a)

Always buy brand new textbooks

b)

Never look for the sale or clearance sections

c)

Tax Fraud (Don't do this!)

d)

Utilize public transportation

7.

The ________ Rule

a)

50/30/10

b)

50/50

c)

50/30/20

d)

50/30/30

8.

A grant that you do NOT have to pay back, which is often given for study, athletic/academic ability, family income, and more is called a (a)  

9.

Where can you find financial assistance on campus?

a)

Izzy's Food Pantry

b)

Student Services Center

c)

TAMUCC Funding Resources Page

d)

All of the above

10.

Which of the following is NOT affected by your credit score?

a)

Auto Insurance

b)

Rental Services

c)

Bills

d)

Ability to purchase a car