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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? 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

Finance May 03, 2021

Merit College Preparatory Academy FIN 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.
Where can you find a list of reliable scholarships?

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

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