What is a High School Diploma/GED?
An official paper given to students once they graduate from high school.
What is freelance?
The type of employment where you work for yourself instead of under one boss.
What is an Undergraduate Degree?
The first level of higher education that a person pursues after high school.
What is non-skilled labor?
Work that needs no formal education, specialized training, or prior experience.
What is tuition?
The amount of money paid to a school in order to take classes there.
What is a wage?
Money paid by an employer to a worker for labor or services.
What is an apprenticeship?
A structured training program that combines paid on-the-job work with classroom instruction.
What is a Graduate Degree?
An advanced academic or professional credential pursued after earning a bachelor’s degree.
What is a gap year?
An intentional break from formal education or career tracks, usually lasting a few months to a full year.
What is FAFSA?
The Free Application for Federal Student Aid; an official online form used by students in the U.S. to apply for financial aid to help pay for college or career school.
What is a salaried wage?
A fixed amount of money that an employee receives each pay period.
What are opportunity cost?
The value of the next-best alternative you give up when you make a choice.
What is a GI Bill?
A program that helps qualifying military veterans, active-duty service members, and their eligible dependents pay for college, graduate school, and technical training programs.
What are student loans?
Money students may borrow to pay for school costs such as tuition, housing, and materials and must be paid back like any other loan.
What is a fixed-rate loan?
A type of loan where the interest rate stays the same for the entire life of the agreement.
What is an hourly wage?
A set amount of money that an employee pays a worker for each hour worked.
What are trade offs?
A choice where you give up one thing to get something else.
What is a professional license/certification?
A government issued legal permit required to work a specific field or a voluntary credential from a private or non-governmental organization that proves high-level skill or knowledge in a job.
What are scholarships?
Financial aid given to students to help pay for school and does not need to be paid back.
What is a variable-rate loan?
A type of loan where the interest rate may go up or down over time.
A fee paid for making a sale or doing a service.
What is an Associate's Degree?
An undergraduate academic qualification that typically takes two years of full-time study or about 60 credit hours.
What is skilled labor?
Work that needs special training, knowledge, or a specific trade.
What is a grant?
Money given by the government or an organization to fund a service and does not need to be paid back.
What is a grace period?
What is deferment?
(Double points)
A set amount of extra time given after a payment due date.
The act of delaying, postponing, or putting off something until a later time.