Loans
Loans made by banks, credit unions, private lenders
What are Private Student Loans
Any form of financial aid that does not need to be repaid
What is a Gift Aid
The total cost of education expenses, once all Aid, grants ,scholarships have been applied
Net Price of Tuition
A 2 or 3 year post high school undergraduate degree
What is an Associates Degree
The "cost" of doing something, what you may be missing while doing other things
What is Opportunity Cost
Federal Student Loans that do not accrue interest for a set period of time
What are Subsidized Loans
Financial Aid that does not need to be repaid, usually based on financial need
What is a Grant
Prior course work needed before you may move on to other courses
What is a prerequisite
Usually a 3 or 4 hour course
course hours
Name two things that can help you pay for college
What are Scholarships and Grants
This occurs when debt payments are held off for a certain period of time
What is Forbearance
What is a Work Study
Job specific skills and coursework with target of a specific industry in mind
Trade School/ Vocational School
An undergraduate degree from a college or university, usually after completing 4 or 5 years of study
What is a Bachelors Degree
The collective overview of activites, memberships, grades, portraying a students time in high school used for scholarships, applying for schools, etc
What is an Academic Resume
Federal Student Loans that start accruing interest immediately
What is an Unsubsidized Loan
A document that shows whether or not you are eligible for Financial Aid
What is a Student Aid Report
Measures the gain or loss generated on an investment relative to the amount of money invested
What is ROI.. return on investment
Usually accepts all students regardless of academic level from high school
What is a Community College
True or False.
Taking out credit cards for misc expenses in college is a good way to build credt
False
Loans made the government with terms conditions set by law often with a lower interest rate
What are Federal Student Loans
Financial Aid that does not need to repaid, usually based on academic achievements
What is a Scholarship
True or False
Attending Community College is a good way to establish academic success, and pay less for entry level coursework regardless of degree path
True
Community College is a cheaper route for starting college and may help you choose your path
True or False
Going to College guarantees success in the future
False
Success is not guaranteed with just a degree
True or False
During college starting to pay interest on a student loan is a good thing even if you cant afford payments yet
True, any payment towards a debt is good