College
What is the purpose of a college?
A place for higher education where students can gain knowledge and skills for their future careers.
What is a student loan?
Money borrowed to pay for college that must be paid back with interest.
What is a grant?
Money given for college that does not need to be repaid.
What is a major in college?
The primary field of study that a student focuses on during their college education.
What is a minor in college?
A secondary field of study that requires fewer courses than a maj
What is a degree?
A qualification awarded to students upon successful completion of a program of study.
What is interest on a loan?
The extra money paid in addition to the borrowed amount when repaying a loan.
Name one source of federal grants.
Pell Grant.
Name a common major that students choose.
Business Administration.
Why would a student choose to have a minor?
To gain additional knowledge in another area of interest.
What are community colleges?
Two-year colleges that offer affordable education and vocational training.
Name one type of federal student loan.
Direct Subsidized Loan
What is a merit-based grant?
Financial aid awarded based on academic or other achievements.
What is an interdisciplinary major?
A major that combines courses from multiple fields of study.
Can a student have multiple minors?
Yes, many students choose to pursue more than one minor.
What is a university?
An institution of higher education that offers undergraduate and graduate degrees.
What does it mean to default on a loan?
Failing to repay the loan as agreed, which can lead to serious financial consequences.
How do need-based grants differ from merit-based grants?
Need-based grants are awarded based on financial need, while merit-based grants are awarded based on achievements.
How does choosing a major impact a student's career?
It helps prepare students for specific career paths related to their field of study.
How many credits are typically needed for a minor?
Usually 18 to 24 credits, depending on the institution.
What is the difference between an associate's degree and a bachelor's degree?
An associate's degree typically takes two years to complete, while a bachelor's degree usually takes four years.
What is the FAFSA?
The Free Application for Federal Student Aid, used to determine eligibility for financial aid.
Why is the FAFSA important for grants?
It helps determine a student's financial need for grants and other financial aid.
What is a double major?
When a student completes two majors and meets the requirements for both.
What is the difference between a major and a minor?
A major requires more courses and is the primary focus, while a minor requires fewer courses and is a secondary focus.