Paying for College
This type of financial aid does NOT need to be paid back.
What is a grant or scholarship?
This document summarizes your skills, education, and experience.
What is a resume?
This account is mainly used for everyday spending and debit card purchases.
What is a checking account?
This is the ability to borrow money and pay it back later.
What is credit?
This is a plan for how you will spend and save your money.
What is a budget?
This federal form must be completed to apply of financial aid.
What is the FAFSA?
This section of a resume typically includes your school, GPA, and relevant coursework.
What is the education section?
This type of savings account, often found at online banks, pays significantly more interest than a standard one at a big local bank.
What is a High-Yield Savings Account (HYSA)?
This 3-digit number represents your creditworthiness.
What is a credit score?
This budgeting rule suggests 50% needs, 30% wants, and 20% savings.
What is the 50/30/20 Rule?
This type of loan typically has lower interest rats and is offered by the government.
What is a federal student loan?
This is one thing you should always do before an interview to prepare.
What is research the company?
A plastic card provide by banks that deducts funds immediately from your account.
What is a debit card?
These three credit bureaus keep track of your credit history.
What is Equifax, Experian and TransUnion?
Rent and utilities are examples of this type of expense.
What are fixed expenses?
This type of loan often requires a credit check or co-signer and comes from banks or private lenders.
What is a private student loan?
This is something you should always do at the end of an interview to leave a strong impression.
What is ask questions or send a thank-you email?
The federal agency that insures deposits up to $250,000 in banks.
What is the FDIC?
This is the most crucial factor of your credit score. It looks at whether you pay bills on time, including late payments, collections, or bankruptcy.
What is payment history?
Eating out and entertainment are examples of this type of expense.
What are variable expenses?
Money earned by working a campus job as part of financial aid is called this.
What is work-study?
This is a 30 - 60 second answer you prepare to "Tell me about yourself" that covers your current role, key strengths and why you are a good fit.
What is an Elevator Pitch?
Most teens use this feature to get their paycheck on Friday morning without having to physically visit a bank branch.
What is direct deposit?
This is something you can do to help you monitor for fraud, identity theft and the accuracy of your credit report.
What is freeze your credit?
Common savings objectives for teens, such as saving for a phone, clothes, or trips, which encourage responsible financial habits.
What are Short-term Savings Goals?