Understanding Military and Trade Schools

Military

• Enlistment in the military signifies successful entry as a service member, including taking an oath of service.

Trade School

• Trade schools, also known as technical or vocational schools, provide a combination of classroom education and hands-on training for manual or mechanical trades.

Workplace

• A workplace is where tasks and projects are performed for an employer.
• Locations can include offices, outdoor sites, mobile (e.g., trucking), or virtual environments.

Financial Aid Terminology

• Loans: Borrowed funds that need to be repaid.
• Grants: Financial gifts with no repayment required, often based on need.
• Scholarships: Awards based on merit (academic or athletic).
• Savings: Funds earned or accumulated over time.
• Work-study: A program allowing students to earn money through part-time work while studying.

Types of Financial Aid Sources

• Loans: Available through FAFSA or private banks.
• Grants: Accessible via FAFSA or non-profits.
• Scholarships: Offered by colleges and businesses.
• Savings: From family or personal funds.
• Work-study: Compensation for student labor.
• G.I. Bill: Financial assistance for veterans and their families for education and training costs.

Grants vs. Loans

• Grants: No repayment required; usually based on financial need. Provided by state and federal governments, non-profits, and educational institutions.
• Loans: Borrowed money with a repayment obligation set by lenders, often providing better opportunities for education.

FAFSA

• The Free Application for Federal Student Aid (FAFSA) is necessary for applying for federal financial aid, including grants and loans.
• Colleges use FAFSA data to assess eligibility for state and institutional aid.

Gafutures

• Gafutures offers resources for national college searches and scholarships, aiding students in exploring educational options and funding.

Workplace Skills

• Work Ethic: Understanding hard work's value and job quality.
• Punctuality: Importance of arriving on time.
• Time Management: Utilizing time efficiently at work.
• Teamwork: Ability to collaborate effectively.
• Communication Skills: Effectively receiving and giving directions.
• Good Character: Employers seek honest and trustworthy individuals.

General Wealth

• General wealth refers to assets transferred across generations, including stocks, bonds, real estate, and family businesses.

Generational Definitions

• Silent Generation: Born 1945 or earlier.
• Baby Boomers: Born 1946-1964.
• Generation X: Born 1965-1976.
• Millennials (Generation Y): Born 1977-1995.
• Generation Z (iGen or Centennials): Born 1996 onwards.