Money Matters
This account is usually free and protects your money from theft
Checking Account
Business, non-profits, credit unions, schools, and civic organizations typically award these to students based on merit
Scholarships
This resource may not be something you want to use to pay for college, but there are fixed interest rates, and other options that may make it easier to repay after you graduate
Loans
The cost you pay to the college to attend
Tuition
Without this you have no idea how much money to spend or save
Budget
This card can be used at ATMs and is connected to a checking account
Debit Card
Form prepared annually by current and prospective college students to determine their eligibility for student financial aid
FAFSA - Free Application for Federal Student Aid
This card may make it easier to be approved for an off-campus apartment you love, IF you pay it off completely every month
Credit Card
Actions you can take to reduce costs on food and toiletries
Coupons, Samples, Sales, Member or Store Rewards, Change Brands, Use Fewer Products
A new iPhone is a "want", what is food?
Need
This card can be convenient, but beware if you can't pay the entire balance every month
Credit Card
This is a magical place you can visit to study and access free wi-fi
Library (Student Center/Lab)
If you have a credit card and do this every month, it's very likely that your credit score will increase
Pay on time!
If you drive a car on campus you need to budget for this
Parking fees
Using this card has no impact on your credit score
Debit Card
Method for tracking income and expenses
Budget
Grants!
There are two classifications of loans: Federal loans and _______ loans
Private Loans
Investing in a social life can be expensive, but joining a campus fraternity or sorority is included in tuition, true or false?
False. Greek life requires dues independent of tuition. You have to budget for it.
You borrowed money from your savings account to fix a flat tire. What tools can you use to restore savings?
The higher the number of this, the better a borrower looks to potential lenders
Credit Score
PELL is the name of a grant that comes from where?
Federal Government
There are many considerations when choosing a credit card that is right for you. Name one.
Annual Percentage Rate (APR), minimum repayment, annual fee, introductory interest rates, rewards
It's okay if you use student loan funds to pay for a vacation to Turks and Caicos, true or false?
False. It's never a good idea to borrow more than you need for college. Remember, you have to pay it back with interest!
My new supervisor says I will be paid $250 gross income bi-weekly, but that's not the amount I use for my budget. I will use _________ Income for my budget.
Net Income