College Financing Quiz
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Questions and Answers

What is the correct formula to calculate net price?

  • Sticker price + grants and scholarships
  • Sticker price - student loans
  • Grants and scholarships + student loans
  • Sticker price - grants and scholarships (correct)

Which type of federal student loans does the government make interest payments on while you're enrolled in school at least half-time?

  • Grants
  • Work-Study
  • Subsidized federal loans (correct)
  • Unsubsidized federal loans

Which of the following is considered a direct cost of attendance?

  • Entertainment
  • Travel expenses
  • Cell phone bill
  • Tuition (correct)

Which method of paying for college is MOST likely to be based on financial need?

<p>Grants (C)</p> Signup and view all the answers

How much does it cost to file the FAFSA?

<p>It is free (D)</p> Signup and view all the answers

If you attend college for 2 years, what degree will you receive?

<p>Associate’s (C)</p> Signup and view all the answers

Which term refers to the money you borrow from the federal government or a private lender to help pay for college costs?

<p>Loans (C)</p> Signup and view all the answers

What is the term for free money based on financial need that you do not have to repay?

<p>Grants (C)</p> Signup and view all the answers

Which term represents attributes and personality traits that help employees interact with others and succeed in the workplace?

<p>Soft Skills (C)</p> Signup and view all the answers

What is the maximum amount of money a college costs to attend for one year called?

<p>Sticker Price (C)</p> Signup and view all the answers

Which term refers to learnable skills that enable individuals to perform job-specific tasks?

<p>Hard Skills (A)</p> Signup and view all the answers

What is the term for educational costs not paid directly to the college?

<p>Indirect Expenses (A)</p> Signup and view all the answers

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