Quizlet U2

Entrepreneurship

An individual who undertakes the creation, organization and ownership of a business. Can be small or a big business. You CAN LOSE INVESTMENTS.

Human Capital

Anything you can do to increase your experience and value. Work done to develop a work-ethic. Experiences to develop soft skills.

Jobs of people with Trade Certificates

Journeyman/Apprentice, Medical coding, HVAC, Welding, Commercial truck driving, Diesel tech, Insurance sales agent, etc.

Jobs of people with Graduate or Professional Degree's

Medical Law.

Eligibility Criteria

Men over 18 must register with selective services. Students must be a U.S. citizen or eligible non-citizen.Undocumented students can't receive federal aid but there are private scholarships available. Students must not have a drug conviction while receiving federal aid. Students must keep at least a 2.0 to continue receiving federal aid.

Family contribution

Money your family is expected to give you to help you pay for college.

Career Plan

Outlines your career path.

Fringe Benefits

Paid sick time, holidays and vacay time, bonuses, health and life insurance, workmans compensation, retirement contributions.

Types of Student Financial Aid

Personal savings: college and savings account, PELL Grants, Scholarships, student loans.

Opportunity for Advancement and other work incentives

Raised based on performance, guaranteed pay raise based on longevity.

Index form

Rates communities on a scale of 100.0 and gives an average cost community a rating of 100.0. Lower index means a lower cost of living, A higher index means a higher cost of living.

Information on your paper application

References with addresses, dates, phone numbers, social security numbers.

Additional perks

Relocation allowances, company car, Repayment of education loans, stock options, gym membership, flexible hours, merchandise, discounts, childcare, telecommunicating.

Jobs of people with Associates Degree's

Some health care, Dental Hygienists.

Experiences to help you develop soft skills

Summer jobs, volunteer work, extra-curricular activities.

Job examples

Summer lifeguard, working fast food.

Base Salary

The dollar amount a person receives in a salary per pay period before deductions

Goals

The end result of something a person intends to do sometime in the near or distant future.

Demand

The relationship between wages and the corresponding quantities of jobs companies are willing to hire any given point in time.

Supply

The relationship of wages to the quantities of jobs that people are willing to work at any given point in time.

FAFSA

The site you can go to get student aid.

Jobs of people with Master's Degree's

Therapists, Veterinarian Technician, Advanced Business.

Indirect College Costs

Transportation, Miscellaneous personal expenses, including documented costs for a personal computer, loan fees, room and meals if living off campus.

Direct College Costs

Tuition, Required fees, Room and meal plans if resident student, books and supplies.

Career

a commitment to a profession that requires continued training and offers a clear path for occupational growth

Rural communities often have a ____ cost of living than urban communities.

lower.

Long-term goals

more than a year

Cover Letter

sent with resume as a brief introduction; emphasizes accomplishments most relative to a job

Federal Perkins loan

"Low"-interest loans to help needy students.

Result expected when seeking a high-skill, high demand career

Increase in wages.

How long until you can get a Master's Degree

2 years after Bachelor's (6 years after high school).

How long until you can get a Bachelor's Degree

2 years after associates (4 years after high school).

How long until you can get a Associates Degree

2 years after high school.

How long until you can get Graduate or Professional Degree

2+ years after Master's (8+ after high school).

Resume

A document used and created by a person to present their background, skills, and accomplishments, etc.

scholarship

A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements

PELL Grant

A grant awarded based on financial need by the U.S. federal government to help students pay for higher education.

Job

An employment position obtained mainly to earn money.

How long until you can get a Trade Certificate

Can get 6 months- 2 years after high school.

soft skills

Communication, team-work, and punctuality.

Location and Environment

Commute time, affordable housing, low crime rate, good schools, desired climate

Cost Saving Ideas

Concurrent Enrollment while in high school, tuition-compare with other school choices, room and meals- conserve, books and supplies- shop around, transportation- Be creative, personal expenses- budget, FINISH ON TIME!

What career plan gives you

Education credentials, skill development.

Career examples

Educator, musician.

Most effective sources of job openings

Employment agencies, Business window, Placement office, counselor, Newspaper, Online recruitment, Networking.

Jobs of people with Bachelor's Degree's

Engineering, IT, Business, Education, Social work.

Cost of living

Includes housing, food, transportation, and other everyday expenses.

Federal Aid Programs

Federal Pay Grant- Free money for lower income family's, over 23 years old, or married. Multiple siblings going to school may also help to qualify.

Student loans

Financial aid that is borrowed from financial institutions. These funds must be paid back; usually with interest.

EFC and COA

Financial need is calculated by taking your expected family contribution (EFC) and the cost of Attendance (COA). Borrow only 8-10% of your expected income upon graduation, LESS IS MORE!!!

Why should you have a paper application?

For YOUR records.

What to do before applying at FAFSA

Have your current/prior year tax returns, current month bank statement, social security number, list of colleges you are applying for.

higher education

Higher estimated lifetime earnings.

Supply and Demand in the Job Market

The availability of jobs and the rate of pay is dependent upon the economic concept of supply + demand.

Short-term goals

within 1 year