Multiple Choice Questions

Bethany is in 7th grade. She wants to attend college and knows that she will need funds. Which option of funding her education should she consider now?
  • Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
  • He could fill out a FAFSA form to determine what financial aid he would qualify for.
  • She could talk with a school counselor to see what activities, clubs, and classes could help her earn a scholarship.
  • She should start or add to a college savings account so it can grow with deposits and earned interest.She should ask her parents if they have a college savings account set up for her.She should work to maintain high grades throughout school so she can qualify for scholarships.She should get involved in extracurricular activities like clubs and sports so she can discover what she enjoys and qualify for scholarships.
Javier is considering two options for college. Option A: Complete the first two years of schooling at a community collegeand then transfer to a university.Option B: Complete all four years of schooling at the university.Which statement about the cost of the options is true
  • Kevin is incorrect. It is never too early to start saving for college. Even if he earns scholarships, he could use the money for other expenses.
  • Option B will save him $1,000.
  • Option A will save her $4,500.
  • four-year universities greatly varies.
Desmond told his two friends, Marley and Brianna, that he was awarded a $10,000 grant for college if he becomes a math or science teacher. Desmond wants to teach physics.
  • He could work each summer to earn the $1,350 difference.
  • He could fill out a FAFSA form to determine what financial aid he would qualify for.
  • She could talk with a school counselor to see what activities, clubs, and classes could help her earn a scholarship.
  • Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
Laura estimated the total cost of attending a private four-year university using the information in the table. CategoryEstimated Cost - 1 yeartuition$29,500room and board$9,600books$2,125lab and facilities fees$850Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What is the minimum Laura should expect to contribute to her college education for all four years?
  • $8,000
  • $31,570
  • $124,400
  • $91,500
Which methods of paying for college do not require repayment? Check all that apply.
  • grantsscholarships
  • FAFSA
  • work-study
  • private colleges
Work-study is a program that includes
  • taking a school job to help pay for an education.
  • Tuition is the price of attending classes at a school.
  • If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
  • Loans must be repaid, while grants are like gifts.
Which statement best defines tuition?
  • Tuition is the price of attending classes at a school.
  • If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
  • It requires students to provide their financial information.It gives students access to money from the government.It helps determine whether a student needs financial aid.
  • taking a school job to help pay for an education.
This graph compares the cost of an education at different institutions in Texas. This graph demonstrates that
  • private universities can cost three times as much to attend as public universities.
  • Students have taken out higher and higher loans since 1994.
  • Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
  • four-year universities greatly varies.
Which term is defined as an educational program in which students alternate between school and gaining work experience?
  • work-study
  • FAFSA
  • grantsscholarships
  • student loan
David estimates that he will have expenses totaling $24,870 for one year of college. He will receive $7,560 in grants. How much will David have to contribute each semester during this year?
  • He could fill out a FAFSA form to determine what financial aid he would qualify for.
  • $8,655
  • Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
  • $14,000
Stephen plans to attend community college for two years. His expenses are only $2,000 each year, because his parents are paying the rest. He earned a one-time $900 scholarship. How much will he need to pay for the two years of college from his savings or by working?
  • $8,655
  • $14,000
  • $4,400
  • $3,100
At an educational institution, the cost of room and board includes
  • Option A will save her $4,500.
  • private colleges
  • housing and meals.
  • student loan
Which form must be filled out and submitted to determine the types and amount of financial aid available to a student?
  • grantsscholarships
  • FAFSA
  • work-study
  • student loan
Annika is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Annika knows her parents can contribute $7,500 each year.Annika's College Costs & Financial Aid Package per YearCostsFinancial Aid PackageTuition & FeesGrants & Scholarship$21,500$10,500Room & BoardWork-Study$13,500$9,000How much will Annika need to pay each year from her own savings and from loans?
  • $91,500
  • $3,750
  • $8,000
  • $7,000
Catherine is using the table to predict the cost of one year of education at a four-year private college. CategoryPredicted Costtuition$32,250room and board$10,590transportation$2,460books and fees$1,980other$750She predicts she will receive $14,000 in grants annually. Catherine does not own a car and plans to live near campus where she will rely on the free bus system for transportation. What is the minimum amount Catherine should expect to contribute to her education annually?
  • $8,000
  • $124,400
  • $91,500
  • $31,570
Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table.CategoryAnnual Expected Expense ($)tuition$18,900room/board$7,650books/fees$1,475other expenses$2,350Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university?
  • $91,500
  • $7,000
  • $8,000
  • $31,570
Sophie is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Sophie knows her parents can contribute $3,500 each year.How much will Sophie need to pay each year from her own savings and from loans?
  • $31,570
  • $3,750
  • $7,000
  • $8,000
Kevin is in 8th grade and he wants to attend college. He claims he needs to research how much college will cost for his chosen degree and fill out the FAFSA before he can prepare and save for college. Which statement about his claim is correct?
  • Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
  • Kevin is incorrect. It is never too early to start saving for college. Even if he earns scholarships, he could use the money for other expenses.
  • Option B will save him $1,000.
  • many students might choose an alternative living situation over paying room and board at a four year institution.
How are loans and grants different?
  • Loans must be repaid, while grants are like gifts.
  • taking a school job to help pay for an education.
  • A student loan must be paid back, but a scholarship is not paid back.
  • Tuition is the price of attending classes at a school.
Roderick is in 11th grade and wants to attend college to become a marine biologist. He knows he will need funds. What should he do to begin the process of planning for paying for his education?
  • She could talk with a school counselor to see what activities, clubs, and classes could help her earn a scholarship.
  • She should start or add to a college savings account so it can grow with deposits and earned interest.She should ask her parents if they have a college savings account set up for her.She should work to maintain high grades throughout school so she can qualify for scholarships.She should get involved in extracurricular activities like clubs and sports so she can discover what she enjoys and qualify for scholarships.
  • He could work each summer to earn the $1,350 difference.
  • He could fill out a FAFSA form to determine what financial aid he would qualify for.
The table shows the predicted cost of the first year of college at a private school six years from now. CategoryPredicted Costtuition$36,620room and board$12,900books and fees$2,450transportation$3,100other$1,330.Emily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first year of college. She anticipates receiving $6,000 in grants and has 6 years to save in a college savings account. Without including any interest earned, what is a reasonable estimate of the amount Emily and her family should save each month for the next 6 years to pay for her first year of college?
  • $8,000
  • $7,000
  • $700
  • $3,750
Which statement describes an hourly wage job?
  • If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
  • A student loan must be paid back, but a scholarship is not paid back.
  • Tuition is the price of attending classes at a school.
  • It requires students to provide their financial information.It gives students access to money from the government.It helps determine whether a student needs financial aid.
Martha will be entering high school in a couple of years. Which steps should she take to ensure she has money to pay for college? Check all that apply.
  • He could fill out a FAFSA form to determine what financial aid he would qualify for.
  • Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
  • He could work each summer to earn the $1,350 difference.
  • She should start or add to a college savings account so it can grow with deposits and earned interest.She should ask her parents if they have a college savings account set up for her.She should work to maintain high grades throughout school so she can qualify for scholarships.She should get involved in extracurricular activities like clubs and sports so she can discover what she enjoys and qualify for scholarships.
The table shows the predicted cost of attending an in-state four-year public college 4 years from now. CategoryPredicted Annual Costtuition$9,350room and board$8,630books and fees$1,650transportation$2,140other$1,110Caleb used the table to determine the minimum amount he should save each month to have enough money to pay for his first year of college. He anticipates receiving $4,500 in grants and he will live at home. If he has 4 years to save, and places his money in an interest bearing college savings account, what is the minimum Caleb and his family should save each
  • $31,570
  • $200
  • $700
  • $8,000
Jorge is attending college next year. He just got information on the college costs and the financial aid package the college is offering. Jorge knows his parents can contribute $4,500 each year. How much will Jorge need to pay each year from his own savings and from loans?
  • $124,400
  • $7,000
  • $91,500
  • $8,000
Which educational institutions typically cost the most to attend?
  • student loan
  • private colleges
  • grantsscholarships
  • housing and meals.
Annalise received financial aid offers from two universities. Which statement about the costs per year is true?
  • private universities can cost three times as much to attend as public universities.
  • Option A will save her $4,500.
  • housing and meals.
  • four-year universities greatly varies.
Elisa is nearing graduation. She just met with her counselor and he showed her this information.If she pays the balance with a student loan, how much will she need to borrow for all four years?
  • Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
  • $8,655
  • $14,000
  • She could talk with a school counselor to see what activities, clubs, and classes could help her earn a scholarship.
Marcel is nearing graduation. He just met with his counselor and she showed him this information. If he pays the balance with a student loan, how much will he need to borrow for his first year?
  • $14,000
  • $8,655
  • He could work each summer to earn the $1,350 difference.
  • $4,400
This graph shows student loan debt in the United States from 1994 to 2009 .What trend does the graph demonstrate?
  • A student loan must be paid back, but a scholarship is not paid back.
  • four-year universities greatly varies.
  • Students have taken out higher and higher loans since 1994.
  • Job B has a lower salary than job A, but the benefits make job B a more attractive pay package.
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Multiple Choice Questions
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