Education Encumbrance
This form is completed by current and future college students to determine eligibility for financial aid
FAFSA
What is the biggest factor that makes up your credit score (35%)
A ____-term trend is something that typically lasts more than 6 months.
Long
When should you start saving for your retirement?
APR
Annual Percentage Rate
Over 90% of all student debt is what type of student loan?
Federal
Which credit score factor is considered the smallest when calculating a credit score?
New Credit
The National Association of Securities Dealers Automated Quotations is commonly referred to by its acronym, _____.
NASDAQ
What common retirement account is employer-sponsored and with pre-tax contributions?
Traditional 401(k)
APY
Annual Percentage Yield
When does repayment start for most student loans?
6 months after leaving school
What is a debt utilization ratio?
Available credit : Used Credit
Type of investment in which you are a shareholder of a company
Stock
Which types of 401k or IRA accounts contributions are made with after-tax dollars?
Roth (IRA & 401k)
CD
Certificate of Deposit
This corporation is the largest issuer of private student loans in the USA.
Sallie Mae
What percentage should you keep your credit utilization under?
30%
The investment type "ETF" is an acronym for:
Exchange-Traded Fund
At what age can you withdraw from retirement accounts without the 10% early withdrawal tax?
59 1/2
POS
Point of Sale
What is the term for when a loan doesn't charge interest to a student while they are in school?
Subsidized
15%
The FDIC
What is the benefit in saving in a pre-tax account, as opposed to a post-tax?
Reduces taxable income
ACH
Automated Clearing House