Mash-up-6.14G Paying for college, saving, grants, work-study...

Ananya is attending college. She received financial assistance for achieving a high school GPA of 3.5. She will not have to pay

back the amount of money she received.

Which kind of financial assistance did Ananya receive?

• Student Loan

• Scholarship

• Work-Study

• College Savings

A student loan is a financial assistance that...

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• does not have to be paid back after graduation

• has to be paid back including interest after graduation

• the student saved before attending school

• requires the student to work while attending school

Joshua plans on attending a 4-year university.

He saved $1,200 each year for the past 2 years.

He was awarded a one-time $1,750 scholarship.

He will earn $2,600 in each of the 4 years through a work-study program.

Based on this information, how much of his college expenses will he be able to pay, over all 4 years?

• $58,200

• $11,050

• $14,550

• $5,500

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Frances plans on attending a 2 year college. The annual tuition at the college is $2,675. She has saved $450 each year for the

past 4 years. How much more money does she need to pay her tuition for 2 years, in dollars?

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Kate received a financial aid package from the college she will attend. The list below gives the breakdown of total cost and aid

for one year.

« Cost of attendance: ~ $32,500

* Grants and scholarships: $15,000

« Work study: $ 2,000

« Stafford Loan $ 3.500

If Kate attends this college for 4 years, what is the total cost that is NOT covered by any form of financial aid?

• $53,000

• $78,000

• $48,000

• $12,000

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

The tuition for one year at Royal College is $16, 800. Tyler's parents have saved $6,500, which they will use to pay for this year. Tyler also received a music scholarship of $3,000 for one year. He has to take a student loan to pay the

remaining amount. How much money (in $) will Tyler take as a student loan? Choose the correct option.

• $7,300

• $8,200

• $9,500

• $9,700

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Which of the following is provided for good performance?

• Scholarship

• Grants

• Student Loans

• Workstudy

Which statement is NOT true?

• Families can save money to pay some of the cost of attending college. Any amount saved helps you limit the amount of money that has to be repaid after graduating.

• Students with the most financial needs can qualify for grants such as the Pell Grant. Grants do not have to be repaid.

• Scholarships are awarded to students based on various achievements. Many local organizations offer scholarships to local graduates. Scholarships do not have to be

  repaid.

• Loans are financial aid for students who qualify. Most students can get a loan. Loans do not have to be repaid.

Emma has to pay $14,200 as her total tuition for a year. She gets a scholarship of $800 per month and has savings of $1800. She plans to do work study for the payment of the remaining amount.

Calculate the amount (in dollars) that Emma has to raise by work-study?

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

What is the name of the financial help that has to be paid back with interest?

• Work-study

• College Savings

• Student Loan

• Scholarship