FAFSA
How much does it cost to complete the FAFSA?
What is FREE
What is an example of a good credit score?
What is 670 and above
Name 4 different credit card types.
What are Discover, Visa, MasterCard, American Express, etc.
What does pay yourself mean?
What is putting away a portion of your income into a savings account.
Where can you go on campus if you have a question about your scholarship or financial aid?
What is the Office of Financial Aid and Scholarships
What does FAFSA stand for?
What is FREE Application for Federal Student Aid
True or False: You should keep your credit card balance under 30% of your credit limit to improve your credit score.
What is True
Name one way companies make money off of customers.
What is Interests or Annual Fees
The name of the money you are paid before taxes are deducted?
What is Gross Pay
Name two on-campus or online resources you can use to look for an on campus job?
What is UMBCworks
What is Career Center
What is Federal work study program online
What is UMBC’s priority deadline for completing the FAFSA?
What is February 14
What are some disadvantages of only making the minimum payment on a credit card?
Interest is added and you end up paying more for what you bought than the original purchase price and it takes a longer time to pay it off. It can impact your credit score.
What is the difference between a CREDIT & DEBIT card?
Debit Card- Debit cards are used to pay for goods in shops and to withdraw money at cash machines. The money is automatically taken from your current account when you spend it, so you must have enough money in your account or an agreed overdraft to cover the transaction.
Credit Card-isn't linked to your current account and is a credit facility that enables you to buy things immediately, up to a pre-arranged limit, and pay for them at a later date. The cost of the purchase is added to your credit card account and you get a statement every month.
With what do banks pay customers and how often do they pay them?
What is interest and usually monthly
What is the earliest date you can submit FAFSA each year?
What is October 1
What are some ways to prevent identity theft?
Review your monthly bank account statements and credit card statements to catch errors; order your free credit reports; shred old bank statements, credit card applications, and other documents with personal information; change online passwords often; do not carry your Social Security card in your wallet
The number of credit cards the average person in the Baltimore area has.
What are 3 Credit Cards
Name a popular money savings/budget app that you can download on your phone?
What is Mint, Personal Capital, You Need A Budget, etc
What is the name of the office that bills students, collects tuition and fees, issues student refunds processes student payments, tuition remission, military waivers and post payments to student accounts from outside agencies? And where are they located?
What is Student Business Services located on the 3rd Floor of the Admin Building
Name at least 3 types of federal aid that students could qualify for by filling out the FAFSA
What are Grants, Work-Study, Loans, & Scholarships
Which of these retirement accounts lets you borrow anytime you want, no questions asked? A. IRA B. 401(k) C. Roth IRA D. Roth 401(k)
C. With a Roth IRA, you can withdraw the money you've put in (not interest or earnings) anytime, without giving a reason.
How much credit card debt does the average U.S. Household have?
What is $15,310
What is the maximum amount of money the Federal Government will insure your savings account?
What is $250,000
How many UMBC Scholars programs exist?
What is 7