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Paying for College 101
Paying for College 101 cont...
100

An account for money not intended to be used for daily expenses

What is a savings account?

100

This is a written compilation of your education, work experience, credentials, and accomplishments needed to apply for a job

What is a resume?

100

Name the school to go to when you want to learn a trade and do not want to go to school for long such as a hairdresser or a chef.

What is a trade or vocational school?

100
The federal government uses this to determine how much a family can afford for college.
What is the FAFSA (Free Application for Federal Student Aid)?
100
This is something in your financial aid that you need to pay back.
What are loans.
200

This is a service provided by your bank that ensures your transactions are covered if you have insufficient funds in your checking account.

What is overdraft protection?

200

These are current or former supervisors, faculty mentors, campus staff or advisers, coaches or anyone in a professional position who can speak about your character, skills and work ethic.

What are references?

200

The education title for a 2 year degree.

What is associate's?

200
Some schools require this in addition to the federal application to determine need.
What is the CSS Profile?
200
Schools look at this from the FAFSA to determine how much money they will ask the student to pay.
What is Expected Family Contribution?
300

This institution charges the highest interest rates on loans (there are 4 options)

What are Pawnshops, Payday lenders, Tax prepares, finance companies

300

Tank-top, open-toed shoes, torn jeans, wife beater, clothes with designs or images, wrinkled clothes, mini-skirts, saggy jeans, hats/caps, booty shorts, low-cut shirts

What is inappropriate interview attire?

300

education title for a 4 year degree

What is bachelor's?

300
This is aid given to a student strictly based on grades and does not take into consideration financial need.
What is merit aid / merit scholarships?
300
If a school costs $58,550/year and they meet 90% need for a student with a 0 EFC this is how much the student will need to pay out of pocket.
What is $6330?
400

You normally have to pay a fee (early withdrawal penalty) when you cash in this before maturity.

What is a CD or certificate of deposit?

400

This is something you may want to do before you interview; it will give you a better idea about the company or job, help you discover details about the employer, help you learn what the company looks for in a candidate, and become a stand-out applicant

What is research?

400
This is the test you have to take to enter the military

What is the AVSAB?

400
These are two of the things found in financial aid award letters.
What are grants and loans?
400
This is when students will begin applying for financial aid.
What is January?
500

This involves in building up a retirement account, creating an emergency fund, or saving for other long-term goals, such as buying a house.

What is 'paying yourself first'?

500

This is the term for the short, quick summary of why you should be hired.

What is an elevator pitch?

500

This is a different between an apprenticeship or internship

Answers will vary

500
This is the most common amount of loans given to students.
What is $5,500 per year?
500

This type of student loans does not accrue interest while you are still in school

What are subsidized loans?