Financial Literacy (Mr. Thomas)
This is one of the three things you can do with your money, along with saving and giving.
What is SPENDING?
This type of private college is funded by student tuition only, which often means students must borrow money.
What is a FOR-PROFIT PRIVATE school?
Before you plan for your short-term “wants,” you should first budget for these two important categories.
What are NEEDS and SAVINGS?
Nonprofit private colleges are funded by “________” which come from donations made by dead rich people.
What are ENDOWMENTS?
If you and your partner disagree about whether a video game subscription is a “need” or a “want,” what should you do BEFORE making a FINAL DECISION?
What is COMMUNICATE with each other?
This test is practice for the SAT, can help you earn scholarship money, and is recommended for everyone to take.
What is the PSAT?
Giving to others is one of the three things you can do with your money. This word, similar to "fundraising" or "charity," means giving for the good of others.
What is PHILANTHROPY?
This federal form asks for information like your family’s Social Security numbers and pay information so you can qualify for financial aid.
What is the Free Application for Federal Student Aid (or "FAFSA")?
You and your partner have already budgeted for your needs and savings. You have $50 left. Now you think that new shoes and a video game would both be nice, but you can only afford one. This is the KIND OF DECISION you’re making.
What is a trade-off?
Name a type of money for college that do NOT have to be paid back to anyone. These funds for college are usually based on your financial need or your achievements.
What are GRANTS or SCHOLARSHIPS.