Financial Awareness

Question 1

What is the benefit of work-study?

Accepted Answer

working while getting financial assistance

Question 2

If you don't have to pay scholarship aid back, how do those programs profit?

Accepted Answer

organizations, charities, and foundations.

Question 3

A financial award that does not have to be repaid.

Accepted Answer

Grant

Question 4

Only students with good grades get financial aid.

Accepted Answer

Fact

Question 5

Money borrowed that must be paid back with interest.

Accepted Answer

Loan

Question 6

I already completed the FAFSA so I don’t need to complete it again.

Accepted Answer

Myth

Question 7

Monetary gifts based on need and/or merit that do not have to be repaid.

Accepted Answer

Scholarship

Question 8

What's the difference between grants and scholarships?

Accepted Answer

Scholarships are based on qualities/Grants are not repaid

Question 9

____ teenage students in the U.S. lacks basic financial literacy skills

Accepted Answer

1 in 5

Question 10

Can you always apply for aid?

Accepted Answer

Yes

Question 11

Is financial awareness necessary in my college day to day life?

Accepted Answer

Yes

Question 12

I can share an FSA ID with my parent(s).

Accepted Answer

Fact

Questions 12