Higher Education; Module 5

When visiting a college you can: A. Receive reimbursement for your college visit costs B. Schedule a tour of the college campus C. Attend a college class to see what it's like D. Both B & C E. All of the above

For financing higher education, what is the best order to look for funding sources? (Federal Student Loans, Grant/Scholarships, & Private Loans)

What is a subsidized loan?

What is an unsubsidized loan?

Would you rather have a subsidized loan or an unsubsidized loan?

Are the interest rates of subsidized and unsubsidized loans fixed or variable?

Which of the following statements about the FAFSA process are TRUE? A. You must be a U.S. citizen to submit the FAFSA form. B. You must use the FAFSA to apply for the federal work-study program. C. You cannot fill out the FAFSA form without your parent/guardian. D. You should only fill out the FAFSA form if you can demonstrate financial need.

Which of the following correctly pairs a financing option with its description? A. Grants & Scholarships - $ you Earn B. Federal Student Loans - Free $ C. 529 Plan - $ you Save D. Federal Work-Study Program - $ you Borrow

Which of the following types of financial aid do not require you to pay the money back? A. Grants B. Private Loans C. Federal Loans D. All of the above

Why is the return on investment (ROI) for higher education high (even though the cost of college is increasing)?

On average, someone with a Bachelor's degree is estimated to earn ____ times more than someone with a high school diploma.

Which type of loan will typically offer the lowest interest rate?