Scholarships
what are scholarships?
Scholarships- A grant/payment to support a student's learning/academic endeavor.
What is Financial Aid?
Financial Aid is monetary assistance given to an individual pursuing an academic endeavor.
what is a budget?
A WRITTEN plan for your money that is DYNAMIC
what is an Investment
What is the minimum wage in NC
$7.25 per hour
Who offers scholarships?
Schools and third-party organizations(i.e. churches, greek orgs, businesses, etc)
How do you apply for Financial Aid?
Fill out the FAFSA.
What is the difference between Wants and Needs?
Need = Necessary
Wants = Rewards
what does ROI mean?
Return On Investments
At what age can you legally start working in North Carolina?
14 years old, but you need to have a child employment certificate
What are the different kinds of scholarships?
Merit-based, Need-based, athletic/extracurricular based scholarships
When does FAFSA open?
October 1st of every year.
What is the 50, 30, 20 Rule?
Who/what can you invest in?
Businesses, Stocks, Real-estate, education, family/friends, and your self
How many hours do you have to work to be considered part-time and how many hours do you have to work to be considered Full-Time?
part time = less than 40(this does vary)
full time = 40(this does vary)
How long do scholarships last?
The time varies. Some last for only 1 year(2 semesters), others last for all 4 years, and some even last for only a semester
What forms of financial aid may become available to you once you fill out the FAFSA?
Grants, scholarships, loans, and work-study
Do you need a credit score?
You do NOT need a credit score.
You only need a credit score if you don't have the necessary amount of money to pay for something. So the real question you should ask your self is can you really afford this "something"
How old do you have to be to start investing?
How much money do you need to start Investing?
2.) All you need is 235... I'm just playing, any amount will do.
What is the difference between a salary and a wage?
Salary- a fixed amount of money that you're guaranteed*, regardless of hours worked.
Wage- The amount of money you get paid per hour
What are some websites that you can go to for scholarships?
TMCF.org, UNCF.org, CFNC.org, and uncsfu.edu
What kind of loans does FAFSA offer?
Subsidize and unsubsidized loans
Is there such a thing as "Good Debt"?
I haven't determined a definite answer yet
(Everyone gets points)
What are the names of the 3 Major Stock Indexes?
NASDAQ, S&P 500, and the Dow Jones Industrial
Does Fayetteville State offer Jobs and if so where?
Cafe, CFA, Res Life, etc