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- 1. Multiple ChoiceMichelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She earns $2,700 per year at her part-time job. She plans to take out a loan to cover the remaining tuition costs. Tuition will increase by $500 each year. If she completes college in 4 years, how much money will Michelle need to borrow?$25,500$39,900$38,400$41,400
- 2. Multiple ChoiceJoaquin is going to a college where the cost for one year is $11,800. He has a scholarship worth $3,000 and a grant worth $400. He earns $200 a week at his job. How many weeks does he need to work to pay for 50% of the remaining amount?21354250
- 3. Multiple Choicemoney awarded to students that does not need to be repaid is which of the followingscholoarshipsavingsgrantwork-study
- 4. Multiple ChoiceLisa has a scholarship that pays for 75% of her tuition for all four years she attends college. What is the total amount the scholarship is worth if Lisa’s classes cost $12,000 per year?$48,000$36,000$50,000$10,800
- 5. Multiple Choicejobs on campus or at local organizations that pay toward tuition is which of the following?Work-StudyGrantsScholarshipLoan
- 6. Multiple ChoiceJim wants to go to college. He does not have enough money to attend a four-year university, so he plans to attend El Paso Community College until he saves enough money to transfer to a university. Jim has $2,300 saved, but El Paso Community College costs $8,000 a year. He received a $1,000 grant and wants to work to earn 50% of the remaining cost. How much money does he need to earn from his job?$8,000$2,300$4,700$2,350
- 7. Multiple Choicemoney borrowed that has to be paid back with interest is which of the following?GrantLoanScholarshipWork-study
- 8. Multiple ChoiceKiera is in her last year of college at the University of Houston. She has a scholarship that pays 75% of her costs. Her classes cost $14,000 for the year. How much money does she still need to pay the costs not paid by her scholarship?$75$10,500$14,000$3,500
- 9. Multiple ChoiceAngela is attending the University of Texas, where the tuition is $12,000 a year. She has a scholarship that pays $6,000 and a grant for $1,000. She also has a job at the campus bookstore. If her job pays her $50 every day that she works, how many days would she need to work to pay for 50% of the remaining amount?100 days25 days50 days75 days
- 10. Multiple ChoiceA ________ is often based on grade point average or other accomplishmentsGrantScholarshipSavingsLoan
- 11. Multiple ChoiceExplain the difference between a scholarship and a loan.A scholarship you have to pay back. A loan you do not have to pay back.A scholarship you do not have to pay back. A loan you have to pay back.
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