Lesson 8 Employment and Education

Questions and Answers

Which statements best describe the purpose of FAFSA? (Check all that apply)

The FAFSA is a loan application form.

The FAFSA allows students to apply for various financial aid programs. (correct)

The FAFSA requires students and their parents to provide financial information. (correct)

The FAFSA is only for students with excellent grades.

How does a scholarship differ from a federal education grant?

Scholarships can be awarded for various reasons, while federal grants are usually based on a student's financial need.

What education choice would be right for getting started in a career working with cars?

A two-year vocational school program in automotive repair.

Mario must fill out the FAFSA in order to receive financial aid at his vocational school.

True Signup and view all the answers

To apply for FAFSA you will need your ______.

social security number, driver’s license, tax information, and much more. Signup and view all the answers

What qualifications apply when selecting a business education?

Good people skills, managing different situations, and financial strategies. Signup and view all the answers

You can fund a four-year college degree solely with government funding.

False Signup and view all the answers

How is a student loan different from a scholarship?

A student loan must be paid back, but a scholarship does not. Signup and view all the answers

What is one benefit of privately issued student loans?

They are available to any student who meets lending standards, regardless of financial need. Signup and view all the answers

Which interest could best help someone become an athletic trainer?

Understanding sports injuries. Signup and view all the answers

Which educational institutions typically cost the most to attend?

Private colleges. Signup and view all the answers

What can be inferred about jobs in San Francisco based on consumer expenditures?

Jobs in San Francisco may have higher salaries to offset the cost of living. Signup and view all the answers

What is the best definition of tuition?

Tuition is the price of attending classes at a school. Signup and view all the answers

Study Notes

FAFSA and Financial Aid

FAFSA (Free Application for Federal Student Aid) allows students to apply for multiple financial aid programs.
The application requires financial information from both students and parents.
It helps determine eligibility for scholarships and grants.

Scholarships vs Federal Grants

Scholarships are awarded for various reasons (academic, athletic), while federal grants are primarily based on financial need.
Scholarships do not need to be repaid; grants also do not require repayment.

Career Education Choices

A two-year vocational school program in automotive repair is appropriate for someone starting a career in automotive work.

Financial Aid Requirements

To receive financial aid, completing the FAFSA is necessary, providing essential financial details.

FAFSA Application Requirements

Necessary documents include social security number, driver's license, and tax information.

Business Education Qualification

Successful business educators may possess interpersonal skills, situational management, and financial strategy knowledge, often awarded based on financial need.

Education Funding Sources

A four-year college degree can be financed through government funding or scholarships, with many relying on federal loans.

Student Loans vs Scholarships

Student loans require repayment, contrasting with scholarships that do not.

Benefits of Private Student Loans

Available to any qualifying student, irrespective of financial need.

Career Interests

Understanding sports injuries is crucial for someone aspiring to be an athletic trainer.

Cost of Education

Private colleges are generally the most expensive educational institutions to attend.

Consumer Expenditures and Job Salaries

Higher salaries in cities like San Francisco may correlate with a higher cost of living as inferred from consumer expenditure graphs.

Tuition Definition

Tuition refers to the cost associated with attending classes at an educational institution.

Description

This quiz covers key concepts related to employment and education, specifically focusing on the FAFSA and scholarships. It offers flashcards that help reinforce understanding of financial aid applications for college. Test your knowledge of the differences between various financial aid resources.