Financial Aid
The 4 main types of financial aid.
What are grants, work-study, scholarships, and loans?
1 example of a fixed costs pertaining to college finances mentioned in this presentation.
What are Tuition/Fees, Rent/Housing, Insurance, Loan Payments, and Subscriptions?
An emergency fund is.
What is money you set aside just in case life hits you with unexpected costs?
How long will it take you to graduate? // What is the average percentage of financial aid given by the school? // What are the main forms of financial aid given? // What is the availability of merit aid and need-based aid?
3 examples of variable costs pertaining to college finances mentioned in this presentation.
What are food (groceries vs. eating out), Textbooks/Supplies, Transportation, Social Life & Fun, and Unexpected Costs
The 50/30/20 Rule is...
What is allocating your income by 50% to needs, 30% to wants, and 20% to savings?
2 differences between grants and loans.
Grants - Do not require repayment, Typically need-based, Given by Federal/State governments and educational institutions.
Loans - Must be repaid, Given by the Federal government or private lenders, Significant financial assistance, Understand the rates and timelines before accepting.
3/5 sources of income mentioned today.
What are Part/full-time jobs, Paid Internships, Financial Aid (scholarships, etc.), Family Contributions, and Side Hustles?
2/3 of the Simple Ways to Budget
What are (1) zero-based budgeting, (2) app-based budgeting, and (3) the 50/30/20 rule?
The 5 major costs of college mentioned in this presentation.
What are Tuition and Fees, Rent/Board, Transportation, Books and Supplies, and Personal Expenses?
2 out of 4 important tips to increase your income.
What is finding job fairs and pitching yourself, maximizing your resumes & cover letters, going in person to apply, and visiting the UC Davis Career Center.
Name 3 easy ways to save money (had to be mentioned in the presentation!)
What are you (1) eating cheaper food, (2) making your own drinks, (3) transporting by walking/busing/biking, (4) using Student Discounts, (5) visiting Free Community Events, and (6) collecting your Birthday Freebies?