Budgeting
What is a fixed expense?
Costs that remain constant from month to month. These expenses are typically predictable and easy to budget for.
What are two ways to minimize distractions while studying?
Turn notifications/sounds off and put phone away.
What county does the Oasis Center serve?
Davidson County
What is a scholarship?
Merit or performance based money without repayment.
What is a trade school?
A trade school focuses on providing hands-on training and education in specific trades. These schools offer specialized programs that prepare students for careers in certain industries. Degrees and/or Certificates can be earned in 6-24 months depending on the program.
What is discretionary spending?
Spending on non-essential items that bring joy.
How can you create an effective work space?
What does OCC stand for?
Oasis College Connection.
What does FAFSA stand for?
Free Application for Federal Student Aid
What is the definition of a safety, match, and reach school?
Safety: Know I can afford and know I can get accepted to.
Match: I can most likely afford and get accepted to. It is a good fit for me.
Reach: Might be competitive but it is worth it for me to apply.
What is the 50-30-20 rule?
50% on needs, 30% on wants, and 20% on savings.
Where can you find important school dates (ex. breaks, holidays, events, etc.)
School's calendar.
What age range does the Oasis Center serve?
13-24
What is a work-study?
Need based campus jobs; earnings go toward tuition, fees, etc.
What are the admissions requirements for community college?
Open enrollment; only requirement is high school diploma or GED/HiSET.
How often are loan payments?
Might be paid on a weekly, bi-weekly, monthly, quarterly, semi-annual, or annual basis. It depends on the loan type and agreement.
Name two of the four study methods we talked about.
Practice tests.
Vocabulary review.
Review old assignments.
Teach someone what you are learning about.
Name two programs that the Oasis Center offers
What is the Tennessee Promise?
A last dollar scholarship that was created to help students earn an Associate's Degree and to mentor them.
What day does the FAFSA open every year?
October 1st.
What is the difference between a stock and a mutual fund?
Stock: A stock, also known as equity or share, represents ownership in a company. When you buy a stock, you purchase a small portion of that company, entitling you to a share of its assets and earnings.
Mutual Fund: Shareholders put their money together to invest in securities (e.g., stocks, bonds, money market instruments). A fund manager chooses the best investments, and every investor shares in the profits if the investments do well.
What app did we talk about that can be used to help create practice tests/vocab studying?
Quizlet
Name two supports that the OCC offers
What are the five documents/items needed to complete FAFSA?
Parent income taxes, student income taxes, parent's SSN, student's SSN, proof of permanent residence.
What is the process/timeline of entering college?
Online application, transcript, test scores, recommendation letters, essays, and FAFSA.