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Life Skills
6th -
12thgrade
Everfi-Financial Literacy Lesson 6- Higher Education
17 questions
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- 1. Multiple Choice
Which is true about the ACT?
All Juniors are required to take
All honors students must make a minimum of an 18 to graduate
Jumpstart students must pass their Work Keys test to replace their ACT requirements and get their certification to graduate
ACT is only for honors students
ACT is not required to graduate
- 2. Multiple Choice
Which of the following are true about FASFA and highschool?
You must fill out FASFA to graduate
You must fill out a Waiver to opt-out of FASFA to graduate
FASFA is not Required to graduate
FASFA has nothing to do with highschool
- 3. 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 these
- 4. 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
- 5. Multiple Choice
All of the following are true about why itis important to complete the Free Application for Federal Student Aid (FAFSA) process EXCEPT ...
It allows you to be eligible for federal student aid.
It allows you to be eligible for early admission.
It allows you to be eligible for some grants.
It allows you to be eligible for many scholarships.
- 6. Multiple Choice
Federally-funded grants require the student to...
have financial need only.
perform volunteer work for a local community agency
have a membership in a high school club
earn above average grades.
- 7. 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.
- 8. Multiple Choice
A 529 plan is a college savings plan that offers tax and financial aid benefits. A 529 plan can help you save more money than 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
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
- 10. 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.
- 11. 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 a closer driving range saves on transportation costs.
All of the these.
- 12. Multiple Choice
Cutting down on costs by earning an Associate’s degree first and then transferring to a four-year college or university can be done by going to what type of higher education institution?
A trade school
A local community college.
A specialized training program
An online certification course
- 13. 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.
- 14. 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 in order to afford the next step in her dream to become a nurse? Choose all that could apply
Maria can apply for need-based scholarships.
Maria could apply for federal grants to help pay for college
Maria has to wait until she saves up enough money to pay for tuition.
Maria can get a personal loan
- 15. Multiple Choice
Which is NOT considered an additional cost beyond tuition for higher education?
Textbooks and supplies
Academic counseling
Room and board
Transportation
- 16. Multiple Choice
Which of these additional costs will most likely be the most expensive?
Textbooks and supplies
Academic counseling
Room and board
Transportation
- 17. 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, a private university
Private university, in-state public university, out-of-state public university
Out-of-state public university, private university, in-state public university
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