Employment and Education (CFA2)

Question 1

Which statement best explains a grant?

Revolt · Accepted Answer

A grant is money awarded to a student, usually based on financial need.

Question 2

Which interest could best help someone become an athletic trainer?

Revolt · Accepted Answer

understanding sports injuries

Question 3

One reason a student may seek a federal student loan instead of a private student loan is that

Revolt · Accepted Answer

private loans carry a higher interest rate than federal loans.

Question 4

How is a student loan different from a scholarship?

Revolt · Accepted Answer

A student loan must be paid back, but a scholarship is not paid back.

Question 5

This graph shows student loan debt in the United States from 1994 to 2009.

Revolt · Accepted Answer

Students have taken out higher and higher loans since 1994.

Question 6

How does an employer's presentation of retirement savings options affect employees' decisions to save?

Revolt · Accepted Answer

by automatically enrolling employees to tap into their default bias

Question 7

This graph compares the cost of room and board at educational institutions in Texas.

Revolt · Accepted Answer

many students might choose an alternative living situation over paying room and board at a four year institution.

Question 8

Work-study is a program that includes

Revolt · Accepted Answer

taking a school job to help pay for an education.

Question 9

Besides the cost of tuition, what additional educational expenses must students pay? Check all that apply.housingmealssuppliestextbooksclasses

Revolt · Accepted Answer

housing; meals; supplies; textbooks

Question 10

This graph compares the cost of an education at different institutions in Texas.

Revolt · Accepted Answer

private universities can cost three times as much to attend as public universities.

Employment and Education (CFA2) Answers