College Money Intro

What would you like to be when you grow up? How many years of college do you plan on completing?

A grant is money you pay back with Interest. True or False?

• TRUE

• FALSE

Who is liable for a loan?

• Mom & Dad

• Me (the student)

• My grandparents

• The government

Financial Aid is borrowed money that you will need to pay back. True or False?

• TRUE

• FALSE

Kerinza let Xavier borrow 20% of the money in her account. Her account before letting him borrow was at 12,000. How much will Xavier be borrowing?

• 2,000

• 9,600

• 2,400

• 1,500

Ellen purchased a Pitbull for 6,000 dollars. She took out a loan from Petsmart, how much will she need to pay them every month if she wants to pay it off in 1 year?

• 450

• 500

• 333

• 520

Would you rather have a Grant or a Loan and why?

Jennifer has a total of 16 college hours. Is Jennifer Full-time or Part-time?

• Part-time

• Full-time

Jose has 10 credit hours. Will Jose be considered full-time or part-time?

• Full-time

• Part-time

Melissa wants to buy a home for 200,000 dollars at zero interest. How much money will she have to pay monthly for 15 years?

• 13,333

• 1,333

• 1,111

• 1,142