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Personal Financial Literacy- College Funding Flashcards | StudBud
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Personal Financial Literacy- College Funding
Personal Financial Literacy- College Funding
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6th Grade TEKS on PFL in regards to College Funding
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
If Zane has a $4,500/year grant for a college that costs $10,000/year, how much will he pay?
$14,500
$5,500
$6,500
$5,000
2
It hurts your credit score to make late payments, which would make it hard to get a loan.
False
True
3
What is a loan?
Money that is borrowed that is paid back with interest.
Money that comes from a bank that you don't pay back.
Money that is saved up that you can use to pay for college.
Money that is earned by working.
4
What is a scholarship?
Free money awarded to students who apply and are chosen.
Free money that is given to all students.
Money awarded to students that has to be paid back.
Money that you have to work for.
5
Can anyone apply for a grant?
No, only if you have a high GPA.
Yes, everyone can apply and will for sure get money.
No, only wealthy people can apply.
Yes, everyone can apply but not everyone receives a grant.
6
What do you to do get a grant?
Fill out an application at your job.
You don't want one because you have to pay it back.
Fill out an application for the government financial aid.
Work hard at your after school job.
7
Sage is at a college that gave a scholarship for 25% of her $5000 tuition. What's left to pay?
$6,250
$4,750
$1,250
$3,750
8
Frederick got a grant for $2,000. If tuition is $5,000, how much does he need to pay?
$3,000
$2,000
$7,000
$5,200
9
Micheal got a scholarship for $550 and his school costs $4000 per year for tuition. Next step?
Apply for a government grant to get $3,450.
Apply for a loan in the amount of $3,450.
Apply for a scholarship in the amount of $3,550.
Use his work-study savings to pay the $3,450 that he needs.
10
Can anyone apply for a scholarship?
Yes, if you meet the requirements but not everyone gets one.
No, you have to make a lot of money to get a scholarship.
Yes, if you meet the requirements and everyone gets one.
No, only if you have good grades can you get a scholarship.
11
If Evan goes to a college thats tuition is $7,000 per year, how much will it cost for 4 years?
$47,000
$28,000
$7,000
$74,000
12
The difference between a grant and a scholarship is a scholarship has to be paid back.
True
False
13
What is a savings account?
Account at a bank that costs you money.
Account that allows you to store money that you pay to have.
Account that you have to have if you want to go to college.
Account that allows you to store money that draws interest.
14
What is work-study?
A job that allows you to pay money towards tuition.
A job that gives you money to spend on whatever you want.
When you study really hard at home for school.
A job that you get after you graduated college.
15
I can get a savings account today as long as I meet the requirements.
False
True
16
What is a grant?
Money that is given to you by the school.
Money that is given by the government that has to be repaid.
Money that is found in a hole.
Money that is given by the government that is free money.
17
A grant from the government has to be paid back.
False
True
18
Hunter got a scholarship for $550 and his tuition costs $8,000. What does he do next?
Take $8, 450 out of his savings.
Take out a loan for the $7, 450 he has left to pay.
Apply for a grant for $7, 450.
Take out a loan for the $8, 450 he has left to pay.
19
A loan does not draw interest if you are using it to pay for college.
False
True
20
How do you get a scholarship?
Ask a bank.
Wait for someone to give you one.
Apply by the deadline and include academic achievements.
Apply whenever you want.
