Paying for College

The sticker price of college includes tuition, fees, room and board, and other related costs.

• Only tuition

• Tuition and fees

• Tuition, fees, room and board, and other related costs

• Financial aid information

The sticker price is considered the easiest college price value to track because it is publicly listed.

• It is publicly displayed.

• It changes too often.

• It is privately negotiated.

• It is set by government regulations.

Which of the following is considered an indirect cost?

• Tuition

• health insurance

• Off-campus Housing

• Meal plan

True or False: Families pay taxes to subsidize public universities, which affects in-state tuition costs.

• True

• False

Scholarships are financial awards provided to students to support education.

• Financial awards provided to students to support education

• Financial loans that need to be repaid

• Personal savings grants

Define a grant.

• A grant is a sum of money given by an organization for a particular purpose.

• A grant is a type of loan that must be repaid with interest.

• A grant is a donation given by charitable institutions without any strings attached.

• A grant is a form of tax deduction provided by the government.

Which of the following grants is for undergraduate students with exceptional financial need?

• Federal Pell Grant

• Iraq and Afghanistan Service Grants

• Teacher Education Assistance for College and Higher Education (TEACH)

• Federal Supplemental Educational Opportunity Grant (FSEOG)

Before applying for a Pell Grant, you must complete _____?

• FAFSA

• CSS PROFILE

• Scholarship Essay

• College Application

Benefits of a college job according to the work-study program include both financial assistance and career experience. Select the correct statement.

• It only provides financial assistance.

• It only offers career experience.

• It provides both financial assistance and career experience.

• It offers neither financial assistance nor career experience.

True or False: Being eligible for work-study automatically guarantees you the money.

• True

• False