Credit vs Debit
Financing Higher Education
Banking Basics
Blast from the Past
School Spirit
100
What is the range of a credit score (worst to best)?
100
What is a 529 plan?
A 529 plan is an investment account that offers tax benefits when used to pay for qualified education expenses for a designated beneficiary.
100
Savings vs Checking account
Checking Account allows deposits and withdrawals of money; usually used for regular purchases
Savings Account earns interest for money saved up
100
Whats's the difference: assets vs liabilities
assets make you money
liabilities lose you money
100
How many admin are at UHHS?
4
200
35% of Credit score
payment history
200
Difference between loan vs grant
loan= money you pay back
grant = money you do not have to pay back
200
Difference between a brick and mortar and an internet bank?
Physical locations vs mostly online access
200
What is a subprime loan?
“Subprime” refers to the below-average credit score of the individual taking out the mortgage, indicating that they might be a credit risk
200
How many clubs are at UHHS?
102 (and counting)
300
What is APR?
Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors
300
What is FAFSA?
The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid
300
What 4 documents do you typically need to open a banking account?
- Social Security Card
-Driver's License (or State ID)
-Money
-Paystub
300
How do you determine your net worth?
Net worth is the value of all assets, minus the total of all liabilities
300
How many countries has Donald visited?
41 (and counting)
400
What happens if you only pay your minimum on your monthly credit card bill?
You will avoid a late fee but will be charged interest on the remaining balance. This means you will owe more money over time.
400
What are the four types of schools available after HS?
-Trade School
-Community College
-State University/ College
-Private University/ College
400
What is overdraft protection?
Overdraft protection is an optional service that prevents the rejection of charges to a bank account
400
What is Compound interest?
Compound interest is the interest you earn on interest. Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
400
How old is UHHS?
35 years
500
# benefits of having a higher credit score?
-More lending options
-More affordable rates
-Easier renting
500
how does an associate's degree save someone money for college?
Complete associate's degree at community college that's cheaper than transfer to a 4-year university.
500
What 5 investment strategies where mentioned in this module?
Bonds, Stocks, Mutual Funds, Index Funds, and Exchange-Traded Funds (ETFs)
500
Bonds vs. Stocks: What's the Difference?
While stocks are ownership in a company, bonds are a loan to a company or government.
500
What is our school motto?
"A high school that feels like a college"