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College & Financial Aid Literacy Flashcards | StudBud
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College & Financial Aid Literacy
College & Financial Aid Literacy
45 terms
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The most boring and practical quiz for #graduatingseniors at #wchs
Flashcards
45 cards
F
Practice quiz
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Host live
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Questions
45
Answers
1
Your EFC is based on...
How much the school you're attending costs
How many brothers & sisters you have
How much money your parents make
How many cats your aunt has
2
The total student debt in the U.S. as of 2018
10 trillion
880 million
12 billion
1.5 trillion
3
If your COA is 26000 & your EFC is 13000, your Net Price is...
Free
13000
26000
12345
4
If you have questions about a bill at college, you should go to/call:
Admissions
The financial aid office
The registrar's office
Your advisor
5
Some 2-year schools offer these 2 choices for a technical program:
Bachelor's or Certificate
Associate's or Certificate
Pizza and Breadsticks
Bachelor's or Associate's
6
Net Price is...
How much you get in loan $$
Cost of locally caught fish
How much you have in your bank account
What's left to pay after financial aid
7
These are job industries that may qualify for public service loan forgiveness:
Medicine, Retail, & Computer Science
Education, law enforcement, public law, & military service
Professional Athletics
Law enforcement, fast food service, & clothing distribution
8
Money you apply for and get based on merit (& sometimes income too)
Grant
Weasel
Scholarship
Loan
9
Your EFC number changes depending on which school you attend
True
False
10
Colleges will try to fill your financial need with...
Puppies
Classes
Hopes & Dreams
Loans, Grants, & Scholarships
11
Your student loans do not disappear even if you declare bankruptcy
False
True
12
Which of these types of aid is an considered an entitlement (it can't be replaced by other aid)
State Grant
Subsidized Loan
Federal Pell Grant
Scholarship
13
If you go to college after the military, they will pay for some or all of your college.
True
False
14
Why is it worth it for Alicia Johnson to double major in accounting and finance?
It is only 5 more credits
It will only take her an extra semester
She won't be able to get a job without it.
She has to for her major
15
The difference between a subsidized loan and an unsubsidized loan is...
One is federal, one is private
There is no difference
When you start accruing interest
One is free money
16
At some colleges, you can only declare for certain majors if you rank high enough in your class
False
True
17
What required classes did Nathan drop due to low grades on the first couple of tests?
Chemistry
Accounting
Physics
Statistics
18
If you fall below full-time status, you could...
Be paying per credit instead of a standard tuition cost
All of the above
Have to start repaying on your loans
Lose your financial aid
19
Reason(s) you wouldn't have to take a placement test to get into math/English:
You're, like, really good at math
You got a 3 or higher on the SBAC
You have already passed college classes in that subject
Your brother took the class before you
20
FAFSA stands for...
Free Application for Student Aid
Federal Application for Free Student Aid
Free Admission into Forensic Science Academy
Free Application for Federal Student Aid
21
Most undergraduate degrees require you take foundation classes in...
Calculus & Astronomy
Science & Philosophy
P.E.
English & Math
22
SAR stands for...
Student Aid Report
Super Amazing Rollercoaster
Students Are Real
Secret Agent Rats
23
If you are an ag major which classes would count for your general core and your major?
Diversity
World History
Geography
Chemistry series
24
Loan expense charged as a percentage of total loan balance (accrues monthly)
Grant
Principal
Interest
APR
25
The period of time when you are deferring your loans
Principal
Default
Forbearance
Forgiveness
26
Before registering for classes, most first-year students have to meet with...
The Dean
Ryan Gosling
An Advisor
A Residential Advisor
27
A loan your parents can take out for remaining college costs
PLUS Loan
Subsidized Loan
Grant
Unsubsidized Loan
28
Your SAR will show...
All of the above
Your blood type
Your Cost of Attendance
Your FAFSA #'s & EFC
29
What is Nathan Haglin planning on majoring in?
Sports Management
Communications
Mining Engineering
Business
30
If you don't fill out income verification forms sent by the college, you can still get your aid
False
True
31
You can withdraw from a class up until the last day of class.
True
False
32
COA-EFC=
Number of children you'll have
Loan amount
KFC
Financial Need
33
These are all types of undergraduate degrees:
BA, BS, BP, AA, MA
PhD, BA, MA, MIT
AA, AAS, BA, BS
BA, AAA, AAP, BAS
34
Before you take out a student loan, you must complete...
A Master Promissory Note
All of the Above
Exit Counseling
Entrance Counseling
35
Remedial classes are not worth college credit
False
True
36
Where are good places to look for approved WA State apprenticeships?
Community & Technical Colleges
4-Year Universities
McKay Seed
WA Dept. of Labor & Industries (L&I)
37
The name for a requirement you have to meet before taking a class
Requirement
General Core
Degree
Prerequisite
38
MATH: Your COA is $27500, your EFC is 5500. What's your financial need?
$21800
$2200
$21000
$22000
39
EFC stands for...
Etiquette For Communists
Eligible Female Coders
Early Free Contributions
Expected Family Contribution
40
True or False: If you take a studio art or lab science class, you may have to pay extra fees
True
False
41
Work-Study is...
a job where you get paid to do homework
a guaranteed campus job that helps pay for college
an internship
a job at the campus library
42
COA includes these costs
Frat Parties
Tuition
Books
Room & Board
43
If you want out of a college class in the first few weeks, you can ____ it.
Eat
Add
Withdraw from
Drop
44
If you test below a 100 level in Math or English, you might have to take a...
Shot of tequila
Trip to the bookstore
Year off
Remedial class
45
A program for students who have high grades that comes with perks like auto-admittance
Pre-Law
Honors
Magna Cum Laude
Summa Cum Laude
