Financial Algebra Benchmark Review Part 2

Front

What is the recommended order of using different types of money for paying for college?

Back

Free money, your money, borrowed money.

Front

What is the difference between sticker price and net price in college tuition?

Back

Sticker price is the full cost of attendance before any financial aid, while net price is the actual cost after financial aid is applied.

Tags

CCSS.6.EE.A.2C

Front

What is the gig economy?

Back

A labor market characterized by short-term contracts or freelance work as opposed to permanent jobs.

Front

What are the benefits of app-based gig work?

Back

It allows for flexible hours and easy access to job opportunities.

Front

What is the primary purpose of a 401(k) plan?

Back

To save for retirement.

Front

What should students focus on when making decisions during college?

Back

Balancing academic, social, and financial decisions for overall success.

Front

What is 'free money' in the context of college funding?

Back

Financial aid that does not need to be repaid, such as grants and scholarships.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Front

How can comparing financial aid packages help students?

Back

It allows students to understand the true cost of attending different colleges and make informed decisions.

Front

What is a common misconception about the gig economy?

Back

That the majority of U.S. workers are in the gig economy.

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Front

What is the significance of understanding net price when choosing a college?

Back

It helps students determine the actual cost they will pay after financial aid, influencing their financial decisions.

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2