100% Correct Answers 2024/2025
How is a federal loan different from a private loan for an education?
NOT A federal loan is available for any student who meets the government's lending standards. A
private loan is only available for students who show a need.
How is a student loan different from a scholarship?
A student loan must be paid back, but a scholarship is not paid back.
Which statement best explains a grant?
NOTA grant is aid given to a student by an institution.
This graph compares consumer expenditures in three American cities from 2007 to 2010.
The best inference that can be made based on the graph is that
jobs in San Francisco may have higher salaries to offset the cost of living.
Student-specific scholarships are awarded to students who
are members of a certain group.
This graph compares the cost of room and board at educational institutions in Texas.
This graph helps explain why
many students might choose an alternative living situation over paying room and board at a four year
institution.
These lists provide information about two jobs.
Which statement best compares the two jobs?
Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
Work-study is a program that includes
NOT working at an outside job to help pay for school.
Completing the FAFSA could help decide whether a student
should receive student-specific financial aid.
This graph shows student loan debt in the United States from 1994 to 2009.
What trend does the graph demonstrate?
Students have taken out higher and higher loans since 1994.
What is one benefit or drawback to an hourly wage?
An hourly wage may result in lower pay.