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Homework answers / question archive / Merit College Preparatory AcademyFIN PERSONAL F 1) What is earning potential and why do you need to know this when choosing a college major or training?   List the 5 main categories of expenses to think about when choosing a college or training school? What is the difference between sticker price and net price of a college? What is FAFSA? Why should you fill out the FAFSA? When should you fill out the FAFSA? How often should you fill out the FAFSA? What is a SAR? Why should you read the SAR very carefully? What is EFC? Define a scholarship: Define a grant: List 3 types of grants

Merit College Preparatory AcademyFIN PERSONAL F 1) What is earning potential and why do you need to know this when choosing a college major or training?   List the 5 main categories of expenses to think about when choosing a college or training school? What is the difference between sticker price and net price of a college? What is FAFSA? Why should you fill out the FAFSA? When should you fill out the FAFSA? How often should you fill out the FAFSA? What is a SAR? Why should you read the SAR very carefully? What is EFC? Define a scholarship: Define a grant: List 3 types of grants

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Merit College Preparatory AcademyFIN PERSONAL F

1) What is earning potential and why do you need to know this when choosing a college major or training?

 

  1. List the 5 main categories of expenses to think about when choosing a college or training school?
  2. What is the difference between sticker price and net price of a college?
  3. What is FAFSA?
  4. Why should you fill out the FAFSA?
  5. When should you fill out the FAFSA?
  6. How often should you fill out the FAFSA?
  7. What is a SAR?
  8. Why should you read the SAR very carefully?
  9. What is EFC?
  10. Define a scholarship:
  11. Define a grant:
  12. List 3 types of grants.
  13. Where can you find a list of reliable scholarships?

 

  1. Define the 4 types of student loans we discussed in class.
  2. What is the main difference between subsidized and unsubsidized students loans?
  3. When can you begin to pay back a student loan?
  4. What should you consider when choosing a student loan?
  5. What is one difference between a federal and a private student loan?
  6. Which types of aid should you accept first and why?
  7. Why should you have a budget and follow it in college?
  8. Why do college students struggle to stay within a budget?
  9. What was your main take away from the PayBack game?
  10. What is the consequence of graduating college with credit card debt?
  11. What is a student loan grace period and how long does it last?
  12. Define a loan servicer and a  promissory note.
  13. What are some consequences of not making student loan payments?
  14. How long do most American's take to pay back their student loans?

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