ICEV STUDY GUIDE
Select all of the following source endings which are considered credible when investigating careers on the Internet.
.edu .gov .org
Kelly has an outstanding principal balance of $12,000. It has been eight days since she made her last payment and her interest rate factor is 3.89 percent. What is the total interest she must pay?
10.22
What is the average SAT score?
1000
Master's degrees require how many credit hours after a bachelor's degree is earned?
30 to 72 credit hours
Advanced placement courses include how many subject areas?
34
Which of the following is the percentage of full-time undergraduate students who receive some type of financial aid?
70 percent
Studies show individuals with college degrees make about __________ percent more, over their lifetimes, than those with only a high-school diploma.
84
An objective is similar to which of the following?
A checklist
When will students receive a Student Aid Report (SAR)?
After your FAFSA has been processed
The FAFSA and PROFILE® are used to award which type of aid?
All need-based aid
Which of the following can help build a professional network?
All of the answer choices are correct
Which of the following are things one does when investigating a career opportunity?
All of these are correct
Who should NOT apply for financial aid?
All students should apply for financial aid
Achieving goals requires which of the following?
Ambition, persistency and tactics
Long-term goals are to be achieved over __________.
An extended period of time, typically one year or more
Full-time workers ages 25 and over have $54,756 in median annual earnings if they possess which type of degree?
Bachelor's degree
Services or rights provided by employers in addition to wages or salary are known as which of the following?
Benefits
Which of the following is the main difference between professional certification and professional licensure?
Certification is voluntary, but licensure is required by law
Gary attends a higher learning institution. He was admitted without submitting an application because he has a high school diploma, although he was required to take a standardized test to be placed in appropriate classes. Which type of institution does he most likely attend?
Community or junior college
Which of the following is NOT one of the tips in the presentation for taking career assessments?
Consider possessed and desired traits
__________ can provide clarification, insight and instruction beyond what career assessments provide.
Counselors
Which of the following is the amount your family can contribute to the annual cost of attendance at a school?
Expected Family Contribution (EFC)
Which of the following refers to a set amount of money an institution feels a student's family should be able to pay for their education?
Expected family contribution
Business goals are the success of one person working at a company.
False
Calculating interest includes the outstanding principal balance, number of days since last payment and the amount of interest previously paid.
False
Daniel is researching potential universities he wants to attend. After much consideration, he rushes to choose the one which has the best undergraduate business program in the nation. He should not consider any other factors like cost, size, amenities, etc.
False
Goals are non-measurable achievements accomplished by a specific time.
False
In-state tuition is far more expensive than out-of-state tuition.
False
There are only two resources available for learning about careers including job shadowing and the internet.
False
Using a fee-based service to fill out your FAFSA application will increase your chance of receiving funding.
False
Which of the following is awarded only to undergraduate students and does NOT have to be repaid?
Federal Pell Grants
The majority of financial aid funding comes from which of the following sources?
Federal government
Financial aid eligibility does NOT depend on which of the following?
Grade point average
Which of the following is an accurate description of the term "GPA"?
Grade point average is the average grade earned by a student, converted to a four-point scale
Which of the following degree levels does a doctoral degree fall under?
Graduate degree
"Room and board" refers to which of the following?
Housing and amenities
Which of the following loan repayment plans are based on the borrower's annual income?
Income Sensitive Repayment Plan
Standard Test Scores can __________ a student's intelligence and ability to systematically demonstrate knowledge.
Indicate
Deon participated in a program during high school in which he was taught college-level curriculum. After two years of participation, his performance was deemed satisfactory, and he was awarded a diploma which is recognized by universities around the world and is worth college credit. In which of the following programs was he likely participating?
International Baccalaureate Diploma Programme
Which of the following describes personal goals?
Involves personal traits, desires, habits and feelings
Which of the following is a benefit of earning college credit in high school which is NOT listed in the presentation?
It guarantees acceptance into the institution of your choice
Which of the following is NOT true about higher learning?
It requires work experience directly related to the field of study
Which of the following is NOT a bonus feature included in SIGI3?
Job placement service
A program in which students learn about an occupation by following a professional throughout the work day is known as which of the following?
Job shadowing
Which of the following is an example of an objective?
Joe wants to increase sales for his shoe business by 45 percent in 12 months
Which of the following is NOT a repayment plan option?
Loan forgiveness repayment plan
Which of the following is a legally binding contract in which you agree to pay back the loan or loans and agree to all terms and conditions included?
Master Promissory Note (MPN)
SMART goals are specific, __________, attainable, _____________ and time-bound.
Measurable; realistic
Which of the following is NOT a common eligibility requirement for scholarships?
Middle school GPA
Which of the following best defines loan consolidation?
Multiple loans are combined into one loan with one monthly payment
Which career assessment was created by a mother and daughter who based their work on Carl Jung's theory of psychological type?
Myers-Briggs Type Indicator®
__________ is/are the milestones to achieving the goal.
Objectives
How many additional years of education does a master's degree require after earning a bachelor's degree?
One to two years
Ally wants to gain work experience to help her career exploration but needs to earn money to help save for her college fund. Which of the following does Ally need to pursue?
Part-time job
Which of the following post-secondary education options operates as an educational nonprofit organization who receives funding through tuition, donations and endowments?
Private universities
A degree which is required to work in a certain profession or intended to prepare the student for an exam required to work in a certain profession is known as which of the following?
Professional degree
Goals do which of the following?
Provide a purpose and sense of direction
John set a goal to improve his personal leadership skills. Which of the following describes the goal he set?
Qualitative goal
Which type of financial aid may be awarded for accomplishments such as academic achievement or athletic performance?
Scholarships
Select the correct answer from the choices provided in the underlined sections.
Short term than long term
When is it recommended for students to complete and submit the FAFSA for the first time?
Soon after January 1st of their senior year in high school
Karen took an assessment with 291 questions, and it described her preferred style of working, learning, leading, risk-taking and team participation. Which of the following did she take?
Strong Interest Inventory®
Which of the following describes the "M" or measurable in SMART goals?
This is where the quantity is established
Career testing is most effective when guided by a __________. Responses
Trained career counselor
A work-study is a need-based financial aid program allowing students to work a part-time campus job to help pay for college.
True
Community and junior colleges may require standardized tests to be taken so students are placed in appropriate classes.
True
FAFSA stands for Free Application for Federal Student Aid?
True
Federal student loans do not require students to pay them back until after graduation.
True
Health, dental and life insurance are commonly included in benefits.
True
Long-term goals can be many short-term goals leading to one long-term goal.
True
Networking is a process of building and utilizing beneficial, professional relationships.
True
Vocational and Trade Schools are short-term schools which tend to focus on specific topics or careers and helps prepare students for the workplace by earning diplomas, certificates or licenses.
True
The expense colleges charge as the instruction they provide is referred to as __________.
Tuition
Which of the following is NOT classified as a day-to-day or personal expense students may have?
Tuition
Which of the following is typically the largest expense at most colleges?
Tuition
Which type of expense is the first to be covered by financial aid?
Tuition and fees
How many years of full-time study does it typically take to complete an associate degree?
Two years
The extent to which an assessment measures what it claims to measure is known as which of the following?
Validity
Which of the following is NOT a resource for career investigation which helps build a network of professional contacts?
Virtual job shadowing
Sally attends a higher learning institution which is preparing her for a licensing exam and will award her a diploma when she completes the program. Which type of institution is she likely attending?
Vocational, trade or technical school
Lisa is considering becoming a vet, so she has offered to help at the animal shelter without being paid. Lisa is doing which of the following?
Volunteering
According to the presentation, which of the following is NOT one of the questions to ask yourself when choosing a school?
Where will your friends be going?
Which of the following would a student fill out to apply for financial aid?
Which of the following would a student fill out to apply for financial aid?
Paul thought about a career in entrepreneurship, but he has become aware of the long hours and stressful situations which would likely be involved. Because he feels the need to be available to his family, he is reconsidering. This is an example of Paul taking which factor into consideration?
Work-life balance
Which of the following occurs after your FAFSA has been processed?
You will receive a Student Aid Report identifying your EFC
Select all of the following statements which accurately defines a short-term goal.
a goal that can be repetitive and become habitual behaviors
Select all of the following which should be considered when choosing post-secondary education.
academic reputation, admission ,personal budget, size of school
Select all of the following which describe the questions to ask when setting a goal?
accomplished completed
NOTE: To complete this question without using the drag-and-drop feature, first click on the answer choice you wish to move, then click on the answer choice which is in the correct location/position for the order you wish the answer to be in. This will "drop" the answer choice into the response container.
all three
Select all of the following topics which would be covered when filling out the FAFSA.
assest demographic data income overall financial situation taxes
Select all of the following which should be asked when determining if the goal is obtainable.
can the end result be reached, how is the goal going to be met, what resources are available
Select all of the following plans a loan provider may advise a student to do when trying to pay back a loan.
chagning payment due date changing repayment plan consolidating the loans
Select all of the following times in life when participation in career testing is recommended.
college career development Highschool
Select all of the following individuals who would be good resources to use when setting a goal.
counselor, parent, teacher
Select all of the following plans a loan provider may advise a student to do when trying to pay back a loan.
federal pell grants, than direct subsidized loans
Select the correct answer from the choices provided in the underlined section.
job outlook
Select all of the following plans a loan provider may advise a student to do when trying to pay back a loan.
multiple than one
Select all of the following jobs which require or recommend professional certification and licensing.
plumbing real esate
Mark each statement as either True or False.
true,true,false
