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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
15 cards
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Questions
15
Answers
1
What's the cost for 1 year: $25,085 tuition (per year) with $2,800 scholarship (per semester)?
$30,685
$27,885
$22,285
$19,485
2
Which is NOT true about student loans?
Loans are repaid a little at a time (usually w/ interest)
Loans never have to be paid back
Loans can be forgiven/paid off by a future employer
Some loans offer a grace period before interest is charged
3
Which college payment option would be your PERSONAL first choice?
Apply for student loans
Use my savings
Work study or an outside job
Apply for grants or scholarships
4
Which of the following is NOT an example of a work study job?
Working in the campus recreation center
Working in the college bookstore
Working at Chilis
Working at the university library
5
A person has $10,000 in savings & wants to use all of it for college. What is another option?
Try a low-interest loan that can be paid AFTER graduation
Save your money & try to get an on- or off-campus job
Apply for grants to see if you qualify for financial help
Keep your grades high & apply for an academic scholarship
6
Which is a private university in San Antonio?
A&M University San Antonio
Trinity University
Northwest Vista College
University of Texas at San Antonio (UTSA)
7
These are funds that have to be paid back, usually with interest added.
Scholarship
Work study
Student Loan
Grant
8
Awarded based on outstanding achievements like athletics, academics, community involvement.
Scholarship
Work study
Student Loan
Grant
9
What can be a benefit to junior colleges?
Helps adjust to life after high school slowly
All could be benefits
Less expensive
Taking the basic courses while saving money
10
How much does Allison have to pay if her tuition is $6,130 a year for 2 years?
$12,260
$24,520
$6,130
$3,065
11
Provides a part-time job on campus. Money is applied to fees owed to the college or university.
Scholarship
Work study
Student Loan
Grant
12
How much needs to be paid: $18,400 per yr for 2 yrs - $6,500 in work study per yr for 2 yrs?
$18,400
$30,300
$23,800
$36,800
13
Funds awarded based on personal or family financial need and do not have to be paid back.
Grant
Student Loan
Work study
Scholarship
14
John attends a 4-year university with tuition costs of $18,910. How much are all 4 years?
$37,820
$18,910
$90,460
$75,640
15
Which is a public university in San Antonio?
Trinity University
Incarnate Word University
University of Texas at San Antonio (UTSA)
St. Mary's University
