Financial Aid & Financial Literacy Trivia

Question 1

Which financial aid package offers the most free money?

Accepted Answer

Package B

Question 2

Grants, loans, work-study, and scholarships are all types of what?

Accepted Answer

Financial aid

Question 3

What is the financial aid gap?

Accepted Answer

$3,220

Question 4

What does "EFC" stand for?

Accepted Answer

Expected Family Contribution

Question 5

What does this image represent?

Accepted Answer

Credit score

Question 6

Which is an example of a long-term savings goal?

Accepted Answer

A house

Question 7

Community college students can get financial aid.

Accepted Answer

True

Question 8

Which account comes with a debit card?

Accepted Answer

Checking account

Question 9

Two examples of grants are:

Accepted Answer

Pell & Cal

Question 10

When is Tax Day 2019?

Accepted Answer

April 15th

Question 11

Save at least __ of your monthly earnings.

Accepted Answer

20%

Question 12

An emergency fund covers all of your expenses for __.

Accepted Answer

3 months

Question 13

No more than __ of your income should go toward rent.

Accepted Answer

30%

Question 14

Roth IRA & 401(k) are examples of what?

Accepted Answer

Retirement accounts

Question 15

Which financial aid package is better?

Accepted Answer

Package B

Question 16

What is the total financial aid offered to this student?

Accepted Answer

$68,824

Question 17

Which loans are better?

Accepted Answer

Subsidized

Question 18

You can stay on your parents' health insurance until you turn __.

Accepted Answer

26

Question 19

After graduating college, you have __ until you must start repaying your student loans.

Accepted Answer

6 months

Question 20

In order to receive financial aid, you have to file the FAFSA or CA Dream Act every year.

Accepted Answer

True

Questions 20