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Financial Literacy: Methods of Paying for College Flashcards | StudBud
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Financial Literacy: Methods of Paying for College
Financial Literacy: Methods of Paying for College
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This quiz targets TEK 6.14G in the 6th grade Texas Math Standards on methods of paying for college.
Flashcards
12 cards
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Questions
12
Answers
1
Awarded based on outstanding achievements like athletics, academics, community involvement.
Student Loan
Grant
Work study
Scholarship
2
How much needs to be paid each year? $18,400 tuition per year with a work study for $6,500 per year
$12,100
$11,900
$24,900
$23,800
3
Which is NOT true about student loans?
Loans are repaid a little at a time (usually w/ interest)
Some loans offer a grace period before interest is charged
Loans can be forgiven/paid off by a future employer
Loans never have to be paid back
4
How much does Allison have to pay if her tuition is $6,130 a year for 2 years?
$6,130
$24,520
$3,065
$12,260
5
A year of tuition is $12,000. Diego got a loan for 30% of the tuition. How much did he borrow for one year?
$3,000
$8,400
$1,200
$3,600
6
John attends a 4-year university with tuition costs of $18,910. How much are all 4 years?
$75,640
$37,820
$18,910
$90,460
7
A year of tuition =$18,000. Ben has a scholarship for $8,000. He earned 20% of the uncovered cost. How much did he earn?
$1,600
$10,000
$3,600
$2,000
8
What can be a benefit to junior colleges?
All could be benefits
Taking the basic courses while saving money
Helps adjust to life after high school slowly
Less expensive
9
Funds awarded based on personal or family financial need and do not have to be paid back.
Grant
Work study
Scholarship
Student Loan
10
Provides a part-time job on campus. Money is applied to fees owed to the college or university.
Grant
Work study
Student Loan
Scholarship
11
Which of the following is NOT an example of a work study job?
Working in the campus recreation center
Working at the university library
Working in the college bookstore
Working at Chilis
12
These are funds that have to be paid back, usually with interest added.
Work study
Student Loan
Scholarship
Grant
