finanacing higher education everfi module 6

what type of federal funding is free money, but is based on financial need only?

federal grants

federally-funded grants require the student to...

have financial need only

earning a degree can be expensive but which example shows why it might be worth it?

individuals with a bachelor's degree typically earn a higher annual salary than those without one

which of the following is NOT a reason to complete the free application for federal student aid (FAFSA)?

it allows you to be eligible for early admission

a 529 plan can help you save more money than a traditional savings account because...

it is a tax free

which of these additional costs will most likely be the most expensive?

room and board

living at home while enrolled in post secondary school or training can save money on...

room and board but it raises costs for transportation

living on campus while earning your degree can help you save money on...

transportation

earning a degree can be expensive but which example shows why it might be worth it?

you are more likely to earn more money over your lifetime than if you did not have a degree

what has the biggest impact on whether a 4 year university is affordable?

the amount of financial aid that the university offers

what can affect whether a public or private university is affordable?

the amount of financial aid that they offer

the fact that you are more likely to earn more money over your lifetime with a post secondary degree means...

the cost of a post secondary degree is worth it

which of the following is NOT true about the free application for federal student aid (FAFSA)?

the earliest you can submit your FAFSA is january 1st of each year

all of the following are true about the free application for federal student aid (FAFSA) EXCEPT:

the form is only available online

cutting down costs by earning an associate's degree first and then transferring to a four year college or university can be done by going to what type of higher education institution?

a local community college

textbooks, transportation, and room and board are all...

additional costs for attending a college or university

andrew doesn't want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelor's degree?

he can attend the local community college whose courses transfer to the public four-year college

which of the following answers lists 4 year colleges from generally the least expensive to most expensive?

in-state public university, out-of-state public university, private university

everyone interested in post secondary education should complete the free application for federal student aid (FAFSA) because...

it allows you to be eligible for federal student aid and other scholarships and grants

living at home could save you money while enrolled in post secondary school or training because...

it reduces costs of room and board

preparing to pay for higher education can start in 9th grade or earlier by...

opening a 529 plan

dimitri's counselor told him that post secondary education can be expensive but can pay off in the long run, what does that mean?

the salary you will earn with a degree will pay back the cost of college over your career

it does not make sense to avoid post secondary education because of its cost since in the long run:

the salary you will earn with a degree will pay back the cost of college over your career

making the choice to spend money on post secondary education pays off in the long run because:

the salary you will earn with a degree will pay back the cost of college over your career