Show:
Credit
Loans
Scholarships
Banking
Investing
100
What can give you an immediate loan for the cash you don't have?
Credit Card
100
True or False.) Some scholarships are the same as loans where you have to repay the money back
False.) You do NOT have to pay back scholarship awards, UNLESS you did not follow or meet the rules and guidelines.
100
What is the name of the scholarship offered by Valencia College?
Valencia Foundation Scholarship
100
True or False.) All ATMs from your bank are free
False.) Depending upon your bank, they could charge you for using their ATM.
100
True or False. Investing early with less money will make you more money than investing at a later age with more money to invest.
True.
200
The summary on how you handle your debt is called?
Credit Score
200
What is the Student Loan Delinquency rate? A.) 5.3% B.) 7% C.) 15.2% D.) 11%
D.) 11%
200
When should students start applying for scholarships?
Junior year of High School
200
In this type of establishment, depositors are called members who have ownership of the institution
Credit Union
200
In our example, who made more money investing? Ben or Arthur?
Ben, making $2,288,996
300
What percentage of your credit score is made up of your "Payment History" A.) 40% B.) 35% C.) 45% D.) 30%
B.) 35%
300
True or False. For a Direct Subsidized loan, you don't have to demonstrate financial need.
False.) For a Direct Subsidized loan, you MUST demonstrate financial need. However, for a Direct Unsubsidized loan, you do not need to demonstrate financial need.
300
What does FAFSA stand for?
Free Application for Federal Student Aid
300
True or False.) In a Credit Union, you must become a member in order to receive services offered.
True.) Credit unions are organized to serve the interest of its members.
300
Which of the following is NOT a risk free investment A.) Savings Account B.) Certificate of Deposit C.) Money Market Account D.) None of the above, They are all risk free investments.
D.) None of the above: they are all risk free investments
400
What percentage of the population has a credit score of 800 and up? A.) 13% B.) 8% C.) 2%
A.) 13%
400
What is the 8-10% Rule
A loan should not exceed 8-10% of your total gross monthly income
400
Name 3 Private Institutions, mentioned in this presentation, that offer their own scholarships.
1.) McDonald's 2.) Pepsi 3.) Microsoft
400
Which of the following is NOT a characteristic of Banks A.) Board members are paid B.) Depositors are called customers C.) Customers can have immediate ownership of the institution D.) Owned by stockholders
C.) Customers do NOT have immediate ownership of a bank unless you purchase stock.
400
A game of chance for money is called what?
Gambling. Gambling and Investing are not the same. Gambling has to do with chance, while Investing involves intellect and strategy.
500
Which of the following is NOT seen in your credit report? A.) Inquiries into applicants credit history B.) Summary of credit history C.) Personal Data D.) Information on how to dispute what is seen on the report E.) All of the above are seen
E.) All of the above are seen in your credit report
500
True or False.) Direct Subsidized Loans are only for undergraduates demonstrating financial need, while Direct Unsubsidized Loans are for both undergraduates and graduates of whom are not required to demonstrate financial need.
True.
500
Do Grants and Scholarship come from the same source? Why or Why not.
No, Grants and Scholarship don't come from the same source. Grants are funded by the government, while Scholarships are funded by various donors.
500
Taking out more money than what you have in your bank account is called what?
Over drafting
500
From our example, at what age did Arthur start investing? A.) 25 B.) 27 C.) 29 D.) 31
B.) 27