Dorm Room Dollars
This money you do not have to repay, often awarded based on merit or need, to help pay for college.
What is a grant or scholarship?
The type of account at a bank mainly used for everyday spending with a debit card.
What is a checking account?
Ms. Olson has had this student in a different class prior to this one.
Who is Aiden?
This three-digit number summarizes your credit history and helps lenders decide if they will approve you.
What is a credit score?
This is the extra percentage a restaurant customer adds to the bill to show appreciation during a holiday meal out?
What is tip/gratuity?
The form that lists your offered grants, scholarships, work-study, and loans from a college after you submit the FAFSA.
What is a financial aid award letter?
This four-letter agency insures many banks deposits up to a certain limit per account holder.
What is the FDIC?
The name of at least two of the seniors in this class.
Who are Farah, Sydney, Zac and Griffin?
This insurance pays part of your medical bills if you get sick or injured.
What is health insurance?
Comparing prices at two different stores before you buy a gift.
What is comparison shopping?
This type of federal student loan does not charge interest while you are enrolled at least half-time.
What is a federal direct subsidized loan?
This is the price you earn for keeping money in a savings account.
What is an interest rate?
The team name the Three Amigas would now like to go by.
What is "Bravela?"
This tax is taken directly out of most paychecks and helps fund retired people.
What is Social Security tax?
Turning down extra holiday purchases to save for a bigger future goal is an example of this "cost" of a choice.
What is opportunity cost?
The amount a student or family is expected to contribute toward college costs, used to help calculate financial aid.
What is Expected Family Contribution or Student Aid Index?
This type of account requires you to keep money locked up for a set term in exchange for a higher interest rate.
What is a Certificate of Deposit?
These two students have been on crutches at some point this semester.
Who are Matias and Laci?
This form, given by your employer, summarizes your yearly wages and taxes withheld so you can file a tax return.
What is a W-2?
This job is common in retail during December and can boost your income, but it ends after the busy period.
What is a seasonal/temporary job?
This education-related savings plan lets money grow tax-advantaged when used for qualified education expenses.
What is a 529 plan?
This describes how your money can grow faster over time when you earn interest on both your original deposit and the interest already earned.
What is compound interest?
This team is currently winning our whiteboard tally competition.
Who are the Bajabs?
This type of auto insurance coverage pays for damage you cause to other people or their property in a crash.
What is liability coverage?
Buying a new winter coat just because it is "50% off toady only," even if you don't really need it.
What is impulse buying?