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WorksheetsFinancing Higher Education Vocab
Total questions: 14
Worksheet time: 7mins
What has the biggest impact on whether a 4-year university is affordable?
The location of the university
The amount of financial aid that the university offers
The size of the university
The number of programs offered
Why can a 529 plan help you save more money than a traditional savings account?
It offers higher interest rates
It is tax-free
It has no withdrawal limits
It is government-backed
Cutting down costs by earning an associate's degree first and then transferring to a four-year college or university can be done by going to what type of higher education institution?
A private university
A local community college
An online university
A technical school
Earning a degree can be expensive, but which example shows why it might be worth it?
Individuals with a bachelor's degree typically earn a higher annual salary than those without one
Individuals with a bachelor's degree have more vacation time
Individuals with a bachelor's degree work fewer hours
Individuals with a bachelor's degree have more job security
What type of federal funding is free money, but is based on financial need only?
Student loans
Federal grants
Work-study programs
Scholarships
Textbooks, transportation, and room and board are all considered what?
Optional expenses
Additional costs for attending a college or university
Covered by tuition
Unnecessary expenses
Living at home could save you money while enrolled in post-secondary school or training because?
It reduces costs of room and board
It provides more study time
It offers better networking opportunities
It allows for more flexible class schedules
What is FAFSA (Free Application for Federal Student Aid)?
A scholarship application
A form completed by current and prospective college students to determine their eligibility for student financial aid
A student loan application
A college admission form
What is a subsidized loan?
A loan where interest accrues while the student is in school
A loan on which the government pays the interest while the student is in school
A loan that does not require repayment
A loan with a fixed interest rate
What is a work-study program?
A program that provides part-time employment to help students earn money to pay for college expenses
A program that offers free tuition
A program that guarantees job placement after graduation
A program that provides full-time employment
What is a scholarship?
A loan that must be repaid
A grant or payment made to support a student's education, awarded on the basis of academic or other achievement
A discount on tuition fees
A government bond
A grant is...
a type of financial aid (free money), usually given by the government based on the student's need
money earned by working at the school as a way to pay for classes
money borrowed that the student has to pay back later plus interest
A work study is...
a type of financial aid (free money), usually given by the government based on the student's need
money earned by working at the school as a way to pay for classes
money borrowed that the student has to pay back later plus interest
The cost of taking classes or courses at a college or university.
tuition and fees
scholarships
interest
term
