Post-Secondary Education
this degree takes two years to complete
what is an associates degree?
having possession over a home
what is buying?
type of loan for undergraduate students who demonstrate financial need
what is a direct subsidized loan?
agreement between employer and employee to do work in exchange for money and other benefits
what is employment?
tax on annual earnings
what is federal income tax?
this institution teaches apprentice education
What is trade school?
paying an amount of money monthly to a landlord to have a place to live
signing this form will allow you to get a federal student loan
what is the FAFSA?
set amount of money paid
what is salary?
amount of money earned + information on Form W - 4
what is the amount deducted for federal income tax?
an educational institution which provides degrees
what is college?
insurance which covers unexpected events
what is renter's insurance?
you must do this even if you don't receive a bill, repayment notice, or reminder
what is make payments on time?
this type of payment method allows you to access funds through cashing or depositing a check
what is a paper paycheck?
this percentage is deducted from taxes for social security
what is 6.2%?
these are the factors to consider before _______
amount borrowed
timely payments
terms of loan
what are factors to consider before taking a loan?
interest charge in a loan which is used to purchase a piece of property
what is mortgage interest?
the _____ on federal loans is fixed and usually lower than private than that on private loans
what is interest rate?
gross income - deductions
what is net income?
this amount is deducted from taxes to pay for medicare
what is 1.45%
this type of loan covers the cost of education not covered by student loans
what is a direct PLUS loan?
homeowners are responsible for _____ and ______ in contrast to renters
what are repairs and maintenence?
this amount is the maximum that can be borrowed each year for subsidized and unsubsidized loans
What is $5,500 to $12,500
these two factors determine the amount which will be deducted for federal income taxes
what are marital status and dependents
you should consult a tax professional to determine if you should pay taxes on _____
what is cash earned?