Interest/Investing
What is the principal?
What is interest?
The original amount of money loaned
Amount of money you need to pay on top of the original loan amount
Describe Premium and Deductible
Monthly payment for health care plans- Premium
This term describes the amount a patient pays out-of-pocket for healthcare services before their insurance begins to cover costs.- Deductible
What coverage is legally required in CA
Liability coverage
What is a federal work study program
Part time work for undergrad/grad students w/ financial needs
And I got this one boy, and he won't stop calling
When they act this way, I know I got 'em
Espresso
What is a mortgage
The monthly payment on a bought home
What does APR stand for and do?
It is the annual percentage rate
Interest you pay per year for the money you owe
A certain group of doctors/facilities/health care providers that an insured person can go to
When Mr. Milton was doing the thriller dance in the drive through of In n Out he hit another car. What insurance would protect his car and help fix the damages?
Collision coverage
What is FAFSA
The official form people fill out to apply for student aid from the federal government. It helps give loans, grants, and work study positions.
How I ain't nothin' but a long gone thing
You can cuss my name, but baby, don't you lie
Thinkin Bout Me
What is a security deposit?
What is a down payment?
Money given for any rental property damage that might occur
Money put down on a home/car before the loan
Spongebob is house shopping and finds his perfect pineapple. He needs to get a loan of 10K to afford it. He gets the loan and buys his house. The first month he lives in it he gets a bill saying he owes a total of 10,700 dollars.
Why did the total amount change? How much is it changing by?
It is because the interest he owes on his loan and the rate is .07 percent
What is the difference between an HMO and a PPO?
HMO's are have cheaper premiums but require you to only get service in a certain network of providers.
PPO's are more expensive premiums but give you the ability to have outside of network coverage
Frank Ocean is speeding down the highway and gets pulled over for going 20 over the speed limit.
He told the officer I was "Thinkin bout you" but still gets a ticket. What will happen to franks insurance?
His premium will go up because he got a ticket
What is an unsubsidized loan vs a subsidized student loan
Subsidized: Loans for undergrads based on the cost of attending the school and family contribution. they dont accrue interest while in school
Unsubsidized: Loans for everyone (undergrad and graduate) based on the cost of attending the school that do accrue interest while in school
It's them rose tinted cheeks, yeah it's them dirt-colored eyes
Sugar honey iced tea, bumblebee on the scene
See you again
What is another name for credit score
Fico Score
Name 3 different kinds of investing practices and decribe the level of risk with each
Certificate of deposit, Stocks, Index funds, Bonds, Commodities,Bank Accounts
What is an out of pocket limit/maximum
a cap, or limit, on the amount of money you have to pay for covered health care services in a plan year. If you meet that limit, your health plan will pay 100% of all covered health care costs for the rest of the plan year.
Gojo is shopping in Italy where he is buying all the fancy designer clothes he wants. He comes outside to find out that the leaning tower of pisa fell on his new lambo. Turns out he got the last gucci bag and to get revenge SZA pushed it over. What insurance would cover Gojo?
Comprehensive insurance
What kind of loan would a person who has a 4 year degree and is applying for their masters get?
Why would they get this loan?
Unsubsidized loan because they are not an undergraduate and the subsidized are only available to them.
Wee-owee-oweee
Mrs. Officer
Name 4 things that your credit score is based on
Number of credit applications (inquiry)
length of credit history
Diversity of accounts
payment history /management