AVID Test 1 REVIEW

WHAT IS FINANCIAL AID?

• Money to pay for shopping

• Money to pay for college

• Money to pay for bills

• Money to pay for savings

WHAT ARE 2 FORMS OF COLLEGE COST?

• Financial Aid

  And

  Direct Spending

• Dorms

  and

  Tuition

• Indirect

  and Direct

• Book Cost

  and

  Food Cost

WHAT ARE 2 FORMS OF CURRENCY?

• Savings

  and Checking

• Colleges

  and Universities

• Credit Cards

  and Cash

• Banks

  and

  Grocery Stores

WHAT DOES "INCOME MEAN?

• Money to pay for college every 2 years

• Scheduled work hours on a job

• Money to put into a trust fund

• Money received on a regular basis for work

WHAT IS SELF CONTROL?

• The ability to care for yourself

• The ability to

  help others

• The ability to save money

• The ability to manage your emotions

Is it important to develop good money habits now or wait until later? Why?

• You will not be able to save money for future expenses

• You will have more bills than you have money

• You will always be broke

• All of these are correct

WHAT DOES THE WORD COLLEGE MEAN?

• university of states

• community

• party time

• highest foundation of learning

WHY IS IT IMPORTANT TO LOOK FOR FREE MONEY FOR COLLEGE NOW?

• You can get into better schools.

• You can get started early paying for college

• You will have a better chance of more scholarship offers.

• All these are correct

WHAT DOES PROCRASTINATION MEAN?

• Don't start what you can't finish

• Never quit

• Delaying or waiting to do something

• Saving your money

NAME 3 TYPES OF COLLEGE FINANCIAL AID:

• Loans

• Work Study

• Scholarships

• All these answers are correct