College
Often considered the most affordable higher education option, this type of school is state-funded and usually offers two-year degrees.
What is a Community College?
An account designed to let money sit for a long time, earning interest.
What is a savings account?
The time window you have before you are required to start paying back college loans.
What is a grace period
A share ownership in a company
what is a stock
This type of report contains your credit history, including loans and payment records.
What is a credit report?
The term for tuition costs that are lower for residents that live in a specific state
What is in-state tuition?
A financial plan that your needs, wants, and goals.
What is the 50/30/20 rule?
This form must be filled out to qualify for federal financial aid
What is the FAFSA (Free Application for Federal Student Aid)
The percentage of a company's earnings that is paid out to shareholders, often quarterly.
What is a dividend?
A "penalty" one of these is triggered if you fail to make your credit card payment on time.
What is a late fee?
Fees paid to an institution when you are from another state
What is out-of-state tuition?
The act of automatically saving a specified amount from your paycheck before budgeting it.
What is "paying yourself first"?
People who qualify for a direct plus loan
what are graduate students
A market characterized by falling prices and pessimism.
What is a Bear Market?
This term refers to the lowest amount of money you are required to pay on your credit card statement each month
What is a minimum payment?
This acronym represents the total estimated cost for tuition, room, and board, established by the institution.
What is the Cost of Attendance (COA)?
to cover these types of unexpected, necessary, and urgent expenses.
What is a emergency fund
The type of federal loan that does not accrue interest while the student is in school.
What is a Subsidized Loan?
This term defines the degree of uncertainty of return on an asset, or the likelihood of loss.
What is risk?
This account is designed for daily transactions and easy access to funds
What is a checking account?
This type of financial aid is based on financial need and does not need to be repaid.
What is a grant?
A general increase in prices and fall in the purchasing value of money
what is inflation
The type of loan that accrues interest while you are in school, causing your debt to grow before you even start paying it.
What is an unsubsidized loan?
A market characterized by rising stock prices and investor optimism
what is a bull market
What is the maximum amount of money the FDIC will insure for an individual?
what is 250,000