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Questions and Answers
What is considered a direct cost of attendance?
Which degree will you receive after attending college for 2 years?
What is the correct formula to calculate net price?
Which payment method for college is MOST likely based on financial need?
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Which degree will you receive after attending college for 4 years?
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Which of the following is NOT a hard skill?
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What payment method for college is MOST likely to be based on someone's financial need?
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Which of the following is considered a hard skill?
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What will you receive after attending college for 2 years?
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Which of the following is a direct cost of college?
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What is the cost to file the FAFSA?
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What correctly calculates net price?
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Which of the following ways to pay for college is MOST likely to be based on someone’s financial need?
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What will you receive after attending college for 4 years?
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Who makes interest payments while you're enrolled in school at least half-time?
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Study Notes
Financial Aid and College Costs
- Net price is calculated by subtracting grants and scholarships from the sticker price.
- The federal government makes interest payments on subsidized federal loans while the student is enrolled in school at least half-time.
College Costs
- Direct costs of attendance include tuition, fees, and dorm furnishings.
- Travel expenses, cell phone bills, and entertainment are not considered direct costs of attendance.
Financial Aid and Loans
- Federal Subsidized Loans are based on financial need.
- Grants and scholarships are also based on financial need.
FAFSA and Degree Levels
- The FAFSA is free to file.
- An associate's degree is typically obtained after 2 years of college.
- A bachelor's degree is typically obtained after 4 years of college.
Skills and Employment
- Hard skills include coding, accounting, and carpentry.
- Adaptability is not considered a hard skill.
College Degrees
- A bachelor's degree is typically obtained after 4 years of college.
- A master's degree is typically obtained after more than 4 years of college.
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Description
Test your knowledge on financial aid and net price calculations with this quiz. Identify the correct formulas for calculating net price and learn about interest payments made by the federal government while you're enrolled in school.
