Higher Learning Test

John is considering to pursue his post-secondary education and is researching about different types of institutions. He came across an institution that operates as an educational nonprofit organization and receives funding through tuition, donations and endowments. Which type of institution is John looking at?

• A. Community colleges

• B. Public universities

• C. Private universities

• D. Vocational and trade schools

John is considering attending a Vocational and Trade School. He read that these are short-term schools which tend to focus on specific topics or careers and helps prepare students for the workplace by earning diplomas, certificates or licenses. Is this information correct?

• True

• False

Which of the following refers to a set amount of money an institution feels a student’s family should be able to pay for their education?

• A. Family assets and income
• B. Expected family contribution
• C. Family expenses and liabilities
• D. Expected student contribution

Which of the following is NOT classified as a day-to-day or personal expense students may have

• A. Tuition
• B. Laundry
• C. Car loan payments
• D. Cell phone bills

John is applying for financial aid for his college. Which of the following factors will NOT affect his eligibility for financial aid?

• A. Expected contribution from his family

• B. His year of enrollment in college

• C. His grade point average

• D. The cost of his college attendance

Which of the following is awarded only to undergraduate students and does NOT have to be repaid?

• A. Federal Pell Grants
• B. Supplemental Education Grants
• C. Unsubsidized Loans
• D. Family Federal Education Loans

FAFSA stands for Free Application for Federal Student Aid?

• True
• False

Damien is considering enrolling in a local community college while staying at his parents' house. What would be his biggest expense in this scenario?

• A. Tuition and fees

• B. Room and board

• C. Books and supplies

• D. Transportation

John is a high school student who excels in academics and participates in various extracurricular activities. He also comes from a financially challenged background. He learns that scholarships are set amounts of money rewarded to students like him based on certain merit-based criteria such as academics, extracurriculars, and financial need. Is this true?

• True

• False

John is planning to pursue a Bachelor's degree. Can you tell him how many credit hours he will need to complete his degree?

• A. 30 to 48 credit hours

• B. 60 to 80 credit hours

• C. 120 to 140 credit hours

• D. 150 to 180 credit hours