DECA everfi pretest

. Living on campus while earning your degree can help you save money on... a. transportation. b. room and board. c. books and supplies. d. tuition.

a

All of the following are true about the Free Application for Federal Student Aid (FAFSA) EXCEPT: a. The form is only available online. b. The earliest you can submit your FAFSA is October 1st of each year. c. You can fill out the FAFSA if you are independent or dependent. d. States have different deadlines for applying for state aid

a

Cutting down on 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. A local community college. b. A trade school. c. A specialized training program. d. Both b and c are correct.

a

Dimitri's counselor told him that post secondary education can be expensive but can pay off in the long run, what does that mean? a. The salary you will earn with a degree will pay back the cost of college over your career. b. You can get grants and scholarships to pay for post secondary education while you are there. c. There are less expensive options for obtaining a post secondary education. d. All of the above

a

Earning a degree can be expensive but which example shows why it might be worth it? a. You are more likely to earn more money over your lifetime than if you did not have a degree. b. A degree allows you to earn a salary instead of an hourly wage. c. You can get a job that pays back the costs of a degree. d. A high school diploma allows you earn money instead of going into debt.

a

What can affect whether a public or private university is affordable? a. The amount of financial aid that they offer. b. Whether you live in the state of the private university. c. Whether you are from "out of state" for the private university. d. The interest rates that the universities charge for their loans.

a

What type of federal funding is free money, but is based on financial need only? a. Federal grants b. All federal scholarships c. The 529 Plan d. None of these are correct

a

Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)? a. It allows you to be eligible for early admission. b. It allows you to be eligible for federal student aid. c. It allows you to be eligible for some grants. d. It allows you to be eligible for many scholarships.

a

All of the following are true about why it is important to complete the Free Application for Federal Student Aid (FAFSA) process EXCEPT: a. It allows you to be eligible for federal student aid. b. It allows you to be eligible for early admission. c. It allows you to be eligible for some grants. d. It allows you to be eligible for many scholarships.

b

It does not make sense to avoid post secondary education because of its cost since in the long run: a. You or your parents can write it off your taxes. b. The salary you will earn with a degree will pay back the cost of college over your career. c. You can get grants and scholarships to pay for post secondary education while you are there. d. There are less expensive options for obtaining a post secondary education.

b

Living at home could save you money while enrolled in post secondary school or training because... a. it reduces costs of tuition. b. it reduces costs of room and board. c. it reduces costs of transportation. d. it reduces costs of books and supplies.

b

Preparing to pay for higher education can start in 9th grade or earlier by... a. applying for scholarships. b. opening a 529 plan. c. taking out student loans. d. applying for grants.

b

Textbooks, transportation and room and board are all... a. included in the price of attending a college or university. b. additional costs for attending a college or university. c. included in a school's tuition. d. usually offered to students who stay on campus.

b

What has the biggest impact on whether a 4 year university is affordable? a. Whether it is a public or private university. b. The amount of financial aid that the university offers. c. Whether you live in the same state as the university. d. The distance you live from the university.

b

Which is NOT considered an additional cost beyond tuition for higher education? a. Textbooks and supplies b. Academic counseling c. Room and board d. Transportation

b

Which of the following answers lists 4 year colleges from generally the least expensive to most expensive? a. In-state public university, private university, out-of-state public university b. In-state public university, out-of-state public university, private university c. Private university, in-state public university, out-of-state public university d. Out-of-state public university, private university, in-state public university

b

Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)? a. You can fill the form out online or on paper. b. The earliest you can submit your FAFSA is January 1st of each year. c. Each state may have a different deadline for state financial aid. d. You can fill out the FAFSA if you are an independent or a dependent.

b

Everyone interested in post secondary education should complete the Free Application for Federal Student Aid (FAFSA) because... a. it gives you access to private student loans. b. it gives you access to private student loans. c. it allows you to be eligible for federal student aid and other scholarships and grants. d. it is a requirement for college admission.

c

The fact that you are more likely to earn more money over your lifetime with a post secondary degree means... a. you should not be concerned about the amount of debt you go into to pay for it. b. the more money you pay for the degree guarantees a higher salary. c. the cost of a post secondary degree is worth it. d. the cost of a post secondary degree should be avoided.

c

Which of these additional costs will most likely be the most expensive? a. Textbooks and supplies b. Academic counseling c. Room and board d. Transportation

c

Which of the following is true about the Free Application for Federal Student Aid (FAFSA)? a. The earliest you can submit your FAFSA is October 1st of each year. b. The form is available online or on paper. c. States may have different deadlines for applying for state aid. d. All of the above

d

. A 529 plan can help you save more money than a traditional savings account because... a. it is a tax free. b. it is given to you at a very young age. c. the interest rates are considerably better. d. it is linked to the stock market.

a

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? a. He can enroll in a trade school and transfer his courses later. b. He can attend a specialized training program and transfer a couple of his courses. c. He can attend the local community college whose courses transfer to the public four-year college. d. None of these are correct.

c

Making the choice to spend money on post secondary education pays off in the long run because: a. You or your parents can write it off your taxes. b. You can get grants and scholarships to pay for post secondary education while you are there. c. The salary you will earn with a degree will pay back the cost of college over your career. d. There are less expensive options for obtaining a post secondary education.

c

Federally-funded grants require the student to... a. earn above average grades. b. have a membership in a high school club. c. perform volunteer work for a local community agency. d. have financial need only.

d

Living at home while enrolled in post secondary school or training can save money on.... a. books but it raises costs for tuition. b. transportation but it raise costs for books and supplies. c. books but it raises costs for transportation. d. room and board but it raises costs for transportation.

d

Maria is a high school senior. She wants to go to the local community college and become a nurse. Her grades are average, but she comes from a low-income family. What could she do to in order to afford the next step in her dream to become a nurse? a. Maria has to wait until she saves up enough money to pay for tuition. b. Maria could apply for federal grants to help pay for college. c. Maria can apply for need-based scholarships. d. Both b and c are correct.

d

Which is a tax-free savings account that can only used for educational expenses? a. Federal grants b. Merit-based scholarships c. Merit-based scholarships d. A 529 plan

d

Earning a degree can be expensive but which example shows why it might be worth it? a. Federal student loans are offered at low interest rates which makes it more affordable. b. Expensive degrees guarantee a low paying job afterwards. c. Individuals with a bachelor's degree typically earn a higher annual salary than those without one. d. A high school diploma allows you earn money instead of going into debt.

c

What are the benefits of attending a local community college? a. It is cheaper to earn an Associate's degree at a community college and then transfer to a four-year college to finish. b. You can live at home and save dorm fees while earning an Associate's degree. c. Choosing a local community college within closer driving range saves on transportation costs. d. All of the above.

d