Credit Cards
A numerical rating to represent a borrower's credit worthiness.
What is a Credit Score?
A plan that lists expected income and expenses over a certain period of time, typically on a monthly basis.
What is a Budget?
Funds provided to students to help pay for college, typically in the form of grants, scholarships, loans, or work-study programs.
What is Financial Aid?
Money borrowed from a lender that must be repaid with interest over a certain period of time.
What is a Loan?
The building and room number of Leslie's office.
What is Lovejoy Library 3015?
The percentage rate which is charged by a lender, a loan, credit card balance.
What is an Interest Rate?
Money earned from work on investments.
What is Income?
Financial aid that does not need to be repaid, typically awarded based on academic achievement, athletic ability, or other factors.
What is a Scholarship?
The amount a person must make each month to pay off their loans, including interest.
What is a monthly payment?
The percentage that the final presentation is worth of the overall grade.
When you earn interest on both the money you earn and the money you save, resulting in faster growth of savings or debt.
What is Compound Interest?
Money spent or owed for goods or services.
What is an Expense?
Financial aid that does not need to be repaid, typically awarded based on need or merit.
What is a Grant?
What is over 40 million people?
Where all homework assignments should be submitted.
What is Blackboard?
The Value of an individual's assets such as savings, investments, & property minus their liabilities such as debts & mortgages.
What is Net Worth?
Funds set aside for retirement, typically invested in a retirement account such as an IRA or 401(k).
What is Retirement Savings?
The date that Financial Aid is schedule to speak to our class about Financial Aid.
What is July 24th?
Student loans that are issues through banks, credit unions, schools, or other places and typically require credit checks.
What are Private Student Loans?
This is how often everybody is required to check their SIUE email?
What is once every weekday?
The interest rate charged on a loan or credit card balance, including any fees or other costs such as mortgage insurance, moving closing costs, etc.
What is Annual Percentage Rate (APR)?
In the event you need to use your insurance (car, health, etc.), you must pay this out of pocket before your insurance coverage begins.
What is a Deductible?
Form college students are required to complete, starting each October, to receive financial aid benefits.
What is the FAFSA?
What is a Federal Student Loan?
The due date of Homework #1.
What is Tuesday, July 11th at 7:30 pm?