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History, Social Studies, Other
10th -
12thgrade
Everfi MODULE 6 "FINANCING AND HIGHER EDUCATION"
20 questions
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- 1. Multiple Choice
Making the choice to spend money on post secondary education pays off in the long run because:
You or your parents can write it off your taxes.
You can get grants and scholarships to pay for post secondary education while you are there.
The salary you will earn with a degree will pay back the cost of college over your career.
There are less expensive options for obtaining a post secondary education.
- 2. Multiple Choice
What are the benefits of attending a local community college?
It is cheaper to earn an Associate’s degree at a community college and then transfer to a four-year college to finish.
You can live at home and save dorm fees while earning an Associate’s degree.
Choosing a local community college within closer driving range saves on transportation costs.
All of the above.
- 3. Multiple Choice
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. What is his best option for affording a Bachelor's Degree?
He can enroll in a trade school and transfer his courses later.
He can attend a specialized training program and transfer a couple of his courses.
He can attend the local community college whose courses transfer to the public four-year college.
None of these are correct.
- 4. Multiple Choice
Which is NOT considered an additional cost beyond tuition for higher education?
Textbooks and supplies
Academic counseling
Room and board
Transportation
- 5. Multiple Choice
Textbooks, transportation and room and board are all...
included in the price of attending a college or university.
additional costs for attending a college or university.
included in a school's tuition.
usually offered to students who stay on campus.
- 6. Multiple Choice
Which of these additional costs will most likely be the most expensive?
Textbooks and supplies
Academic counseling
Room and board
Transportation
- 7. Multiple Choice
Preparing to pay for higher education can start in 9th grade or earlier by...
applying for scholarships.
opening a 529 plan.
taking out student loans.
applying for grants.
- 8. Multiple Choice
A 529 plan can help you save more money than a traditional savings account because...
it is a tax free.
it is given to you at a very young age.
the interest rates are considerably better.
it is linked to the stock market.
- 9. Multiple Choice
Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?
You can fill the form out online or on paper.
The earliest you can submit your FAFSA is January 1st of each year.
Each state may have a different deadline for state financial aid.
You can fill out the FAFSA if you are an independent or a dependent.
- 10. Multiple Choice
Which of the following is true about the Free Application for Federal Student Aid (FAFSA)?
The earliest you can submit your FAFSA is October 1st of each year.
The form is available online or on paper.
States may have different deadlines for applying for state aid.
All of the above
- 11. Multiple Choice
Earning a degree can be expensive but which example shows why it might be worth it?
You are more likely to earn more money over your lifetime than if you did not have a degree.
A degree allows you to earn a salary instead of an hourly wage.
You can get a job that pays back the costs of a degree.
A high school diploma allows you earn money instead of going into debt.
- 12. Multiple Choice
Earning a degree can be expensive but which example shows why it might be worth it?
Federal student loans are offered at low interest rates which makes it more affordable.
Expensive degrees guarantee a low paying job afterwards.
Individuals with a bachelor’s degree typically earn a higher annual salary than those without one.
A high school diploma allows you earn money instead of going into debt
- 13. Multiple Choice
Which of the following answers lists 4 year colleges from generally the least expensive to most expensive?
In-state public university, private university, out-of-state public university
In-state public university, out-of-state public university, private university
Private university, in-state public university, out-of-state public university
Out-of-state public university, private university, in-state public university
- 14. Multiple Choice
What has the biggest impact on whether a 4 year university is affordable?
Whether it is a public or private university.
The amount of financial aid that the university offers.
Whether you live in the same state as the university.
The distance you live from the university.
- 15. Multiple Choice
Living at home while enrolled in post secondary school or training can save money on....
books but it raises costs for tuition.
transportation but it raise costs for books and supplies.
books but it raises costs for transportation.
room and board but it raises costs for transportation.
- 16. Multiple Choice
Living on campus while earning your degree can help you save money on...
transportation.
room and board.
books and supplies.
tuition.
- 17. Multiple Choice
What type of federal funding is free money, but is based on financial need only?
Federal grants
All federal scholarships
The 529 Plan
None of these are correct
- 18. Multiple Choice
Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades are average, but she comes from a low-income family. What could she do to in order to afford the next step in her dream to become a nurse?
Maria has to wait until she saves up enough money to pay for tuition.
Maria could apply for federal grants to help pay for college.
Maria can apply for need-based scholarships.
Both b and c are correct.
- 19. Multiple Choice
Everyone interested in post secondary education should complete the Free Application for Federal Student
Aid (FAFSA) because...
it gives you access to private student loans.
it gives you access to private student loans.
it allows you to be eligible for federal student aid and other scholarships and grants.
it is a requirement for college admission.
- 20. Multiple Choice
Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?
It allows you to be eligible for early admission.
It allows you to be eligible for federal student aid.
It allows you to be eligible for some grants.
It allows you to be eligible for many scholarships.
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