Vocab Money Management Chapter 7/8

1. The percentage of the labor force, or a specific demographic, that’s jobless and looking for work.

• Gift Aid

• Work -Study

• Unemployment Rate

• Associate’s Degree

1. All education that takes place after high school, including university, college, community college, certification, or trade school.

• Post secondary Education

• Private Student Loans

• Associate’s Degree

• Grant

1.  An undergraduate degree from a college or university, usually completed after four or five years of study.

• Deferred

• Federal Student Loans

• Bachelor's Degree

• FAFSA

1. A two- or three- year post secondary undergraduate degree.

• Deferred

• Associate’s Degree

• Forbearance

• CLEP

A course that needs to be completed before a student can enroll in a second course.

• Academic Scholarship

• Federal Student Loans

• Prerequisite

• Unsubsidized Loans

Loans made by banks, credit unions, or other organizations with terms and conditions set by the lender, including higher or variable interest rates.

• Private Student Loans

• Federal Student Loans

• Forbearance

• Unsubsidized Loans