PFL Unit 1 Test Review

With this type of loan, the US Dept of Education pays for interest accrued while you are in school

• Unsubsidized Federal Direct Loan

• Subsidized Federal Direct Loan

Application that is required for all federal financial aid

• 1040EZ

• SAR

• FICA

• FAFSA

The trade-off made by making one choice instead of another

• Personal Financial Planning

• Opportunity cost

• Values

• Need

Position where a person receives training in a certain field by working with experienced people.

• Pell Grant

• Scholarship

• Work Study

• Internship

Which of the following of financial aid needs to be paid back after completing college?

• Federal direct loans

• Institutional Aid

• Pell Grant

• Scholarships

Natural abilities that people possess

• Hobbies

• Talents

• Aptitudes

• Personality

A commitment to work in a field that you find interesting and fulfilling

• Career

• Job

• Interview

• Aptitude

Everything in your life that involves money

• Opportunity cost

• Personal Finance

• Values

• Goals

One or two page summary of your education, training, experience, and qualifications for a job

• Cover Letter

• References

• Resume

• Interview

Which of the following is not one of your rights as an employee

• Cannot be fired because of discrimination

• paid time off for holidays

• Paid minimum wage and overtime