Paying for College
This free form determines eligibility for federal student aid.
What is the FAFSA?
This is the potential for higher future earnings that often comes with more education.
What is higher future potential salaries? / Job Security
This is a loan used to buy a home.
What is a mortgage?
This business structure is legally separate from its owners.
What is a corporation?
In a sole proprietorship, who can be held personally responsible for business debts?
Who is the owner?
This is money given for education that does not have to be repaid. (Typically awarded based on merit or other qualifications)
What is a scholarship?
Name one factor a person should consider when choosing a career.
What is salary / job outlook / education required / working conditions?
Give two reasons someone might choose to buy instead of rent.
What are building equity and potential tax advantages?
About what percentage of U.S. businesses are sole proprietorships?
What is 73%?
This is the legal obligation to pay debts or injury settlements.
What is liability?
This type of aid is based on financial need and does not require repayment.
What is a grant?
Why might someone choose technical school over a four-year college?
What is lower cost / faster entry into the workforce / specific skill training?
Give two reasons someone might choose to rent instead of buy.
What are no responsibility for repairs and greater flexibility to move?
What document outlines how partners will divide profits and duties?
What are Articles of Partnership?
If a customer is injured at a sole proprietorship, who can be sued?
Who is the owner (and the business)?
This program allows college students to work part-time jobs to help pay for school.
What is work-study?
How can the “total cost vs. career earnings” factor influence a career decision?
What is it helps determine whether the education investment is worth the long-term payoff?
What is one major financial risk of buying a home compared to renting?
What is responsibility for repairs, property taxes, or being tied to the property?
What is a merger?
What is when two or more companies join to form one company?
Why might two people form a partnership instead of two separate sole proprietorships?
What is to share responsibilities, skills, and resources?
What is the main difference between a scholarship and a student loan?
What is a scholarship does not have to be repaid and a student loan does?
Why is job availability (outlook) an important factor when choosing a career?
What is it affects how easy it will be to find work in that field?
What does it mean to “build equity” in a home?
What is the portion of the home you actually own increases as you pay down the mortgage?
Why might an entrepreneur choose a franchise over starting a brand-new business?
What is brand recognition / proven systems / training and support?
How does a corporation protect its owners differently than a sole proprietorship?
What is the owners have limited liability?