Paying For College Review Flashcards

Front

A college graduate can expect to earn, on average, more than a high school graduate over a career.

Back

True statement about the value of a college degree.

Front

Forbearance

Back

Option to pause student loan payments during financial hardship while interest still accrues.

Front

Grants/Scholarships, Work-study, Federal loans, Private loans

Back

Types of financial aid options available from most attractive to least attractive.

Front

FAFSA

Back

Application required to qualify for financial aid.

Front

Sticker price - grants and scholarships = net price

Back

Formula to calculate net price.

Front

Subsidized federal loans

Back

Loans where the federal government makes interest payments while enrolled in school.

Front

Tuition

Back

Considered a direct cost of attendance.

Front

School you applied to & state gov't to determine eligibility for financial aid.

Back

Who receives and uses the information submitted in your FAFSA.

Front

Types of money used in paying for college

Back

Free money, your money, borrowed money

Front

Transferring credits from a community college

Back

It reduces the amount of credits you’ll have to pay for at your 4-year college