Financing Higher Education
"Free money" given by the a group such as the government to finance higher education.
What is a grant?
Loan made by a bank or other entity to allow a person to purchase a vehicle.
What is an auto loan?
Pay received by workers.
What is salary?
The amount of money borrowed that remains unpaid, excluding interest.
What is the principle?
The process of earning interest on interest.
What is compounding?
The two types of federal loans when financing higher education.
What are subsidized and unsubsidized loans?
Type of insurance that covers injury to individuals and damage to vehicles when a vehicle is involved in an accident.
What is auto insurance?
Commitment to work in a field over a long period of time.
What is a career?
A risk management technique that mixes a wide variety of investments withing a portfolio.
What is diversification?
Something given up as a result of a decision.
What is opportunity cost?
Money given or loaned to help pay for college.
What is financial aid?
The amount of money the manufacturer of a vehicle indicates a specific vehicle is worth.
What is MSRP/Manufacturer's Suggested Retail Price?
A document highlighting a potential job candidate's education, experience, training, and qualifications.
What is a resume?
The sum of money paid regularly to a company by shareholders out of its profits.
What are dividends?
Something a person owns.
What is an asset?
The typical timeframe to pay back student loans.
What is 10 years?
Scheduled or recommended maintenance performed on a vehicle on a regular basis.
What is auto maintenance?
Money demanded by a government to support the government itself.
What is tax?
Traditional retirement plan that is received through an employer.
What is a 401K?
An obligation of repayment on borrowed money and interest.
What is debt?
The main form students use to apply for federal education grants and loans.
What is the FAFSA/Free Application for Federal Student Aid
A car with substantial defects that the manufacturer has been unable to fix after repeated attempts.
What is a lemon?
A document outlining paycheck deductions.
A share of ownership in a company.
The persistent increase in the cost of goods and services.