Financial Aid
What percentage of jobs does Federal Work Study make up on campus?
What is 55%
How would you define credit?
What is the trust someone has in you to pay them back
What's the difference between subsidized and unsubsidized loans?
the interest on subsidized loans is covered throughout your school year and with unsubsidized loans you get a 6 month grace period even while enrolled
______ tax is paid directly by individuals or entities, is usually progressive, and includes income tax, property tax, and estate tax
What is Direct
Name me five UM Money Talks
What is Investing 101, Credit Development, Buying Your First Car, Taxes 101, and Real World Finance
What's the name of the site students can use to search for on-campus or off-campus jobs?
What is Jobx
What's the typical range of credit scores
What is 300-850
What type of loans typically need to be cosigned?
The US has a ___________tax system, meaning rates increase as your taxable income rises
What is progressive
This type of account is designed to help you save for unexpected expenses and is recommended to cover 3–6 months of living costs
What is emergency fund
What three criteria do you have to meet to remain in compliance with need-based aid?
What is 67% completion rate, 2.0 Gpa, and 150% of degree completion rate
What are three types of credit? and give an example of each
What are installment loans, revolving credit, and open credit
What is Trump's Big Beautiful Bill doing to Grad PLUS and Parent PLUS loans?
Give me two types of deductions that reduce your taxable income
What are mortgage and student loan interest, medical expenses, or charitable donations
You have two credit card balances: $2,000 at 20% APR and $3,000 at 15% APR. Which one should you focus on paying off first, and why?
What is the $2000 balance with the 20% APR, because you should pay off the highest-interest debt first
What is Ronald A. Hammond, Stamps, Singer, and Jenkins Scholarship
Give me an example of a cash-back bonus.
3% cash back on gas purchases
1%–2% cash back on all other purchases.
5% cash back on restaurant dining during certain months.
define consolidation
What is combines multiple federal loans into one and computes an average of your loan rates
What is the name of the form you must fill out to pay your federal income taxes?
What is Form 1040
Who is chair of the Federal Reserve?
Who is Jerome Powell
What does S.A.P stand for?
What is Satisfactory Academic Progress
What are the three major credit bureaus in the US?
What is Experian, Equifax, and Transunion
As of the 2025–2026 academic year, what are the interest rates on federal student loans
What is 6.39%
Give me the taxable income equation
What is
gross income - (deductions + credits)
Explain the concept of "Paying Yourself First"
What is a personal finance strategy that prioritizes saving and investing before spending on anything else