Money
Money in coins or bills to pay for things?
What is cash?
Academic achievement, talent or skill, ethnicity, community involvement, sport, school activities, etc.
What are some reasons scholarships are awarded
Arrangement you make to pay for goods/products and services at a later date – It’s something you buy now – but pay for later.
What is credit?
A nine-digit identification number unique to each individual.
What is a social security number?
Two things to consider when establishing a budget?
What are income & expenses?
Payment card that deducts money directly from your checking account.
What is a debit card?
The ability for students and families to spread out tuition payments over time, typically a semester or one academic year.
What are tuition payment plans?
A report card or a grade that tells lenders and creditors how well you have been paying your debt
What is a credit score or FICO score?
An example of this is when a thief opens a new credit card account in your name and runs up charges.
What is credit card fraud?
When expenses exceed income
What is unbalanced budget?
A plastic or metal card that is money lent to you that you pay back over time, with interest.
What is a credit card?
The six-month period after graduation, during which you are not required to make payments on your student loan.
What is Grace Period?
Average FICO® Score of U.S. consumers in 2024
What is 715?
A crucial step to take if you are the victim of identity theft.
What is file a police report and get a copy for your records?
In regard to spending - A necessity for everyday living and goal attainment (i.e. food, housing, etc.).
What are needs?
A card you can use to make payments and purchases; it can have money loaded onto it.
What is a pre-paid card?
A notification that outlines how much the school will cost and what kind of financial aid they will receive, including federal, state, and school sources.
What are financial aid offers?
When a lender reviews your credit because you applied for something like an auto loan, a mortgage, a credit card or even a student loan.
What is a hard inquiry?
This modern-day fraudulent practice of sending emails purporting to be from a reputable company to induce individuals to reveal personal information, such as passwords and credit card information.
What is phishing?
Cash set aside to cover any unanticipated expenses or financial emergencies that may come your way.
What are emergency savings or funds?
Money set aside for future use and not spent immediately.
What is savings?
Scholarship resource that provides immediate access to scholarships.
What is Scholly® Scholarships by Sallie.
The practice of checking several lenders when you need to borrow money to find the best rate and terms.
What is Rate Shopping?
Federal agency in charge of dealing with complaints of identity theft.
What is the Federal Trade Commission?
Occurs when your income is equal to or greater than your expenses.
What is a balanced budget?