Employment and Education Answers

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1
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Which statement describes an hourly wage job?

A
Each paycheck is the exact same regardless of number of hours worked.
B
Each paycheck is less, even if an employer wants you to work more hours in a week.
C
If an employer wants the employee to work more hours in a week, the result is a larger paycheck.
D
If the business is closed for a holiday, the employee still gets paid regardless of available vacation hours.
2
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This graph shows student loan debt in the United States from 1994 to 2009.

Question illustration
A
Student loan debt will most likely decrease in the coming years.
B
Students have taken out higher and higher loans since 1994.
C
Enrollment for higher education will soon begin to decrease.
D
Tuition for higher education has risen steadily since 1994.
3

Which statement best defines tuition?

A
Tuition is federal money awarded to a student.
B
Tuition is aid given to a student by an institution.
C
Tuition is money borrowed to pay for an education.
D
Tuition is the price of attending classes at a school.
4

This graph compares the total cost of attending educational institutions in Texas.

Question illustration
A
technical schools greatly varies.
B
vocational schools greatly varies.
C
four-year universities greatly varies.
D
community colleges greatly varies.
5

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

Question illustration
A
private universities can cost three times as much to attend as public universities.
B
public universities can cost three times as much to attend as private universities.
C
community colleges can cost five times as much to attend as technical schools.
D
technical schools can cost five times as much to attend as community colleges.
6

Which educational institutions typically cost the most to attend?

A
vocational schools
B
community colleges
C
public universities
D
private colleges
7

Work-study is a program that includes

A
working at an outside job to help pay for school.
B
taking a school job to help pay for an education.
C
agreeing to serve in the military for financial aid.
D
participating in a service program to receive aid.
8

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

A
private loans carry a higher interest rate than federal loans.
B
federal loans are obtained by banks, while private loans are backed by the government.
C
federal loans must be paid back more quickly than private loans.
D
private loans are only available to parents, while federal loans may be issued to the student.
9

At an educational institution, the cost of room and board includes

A
housing and meals.
B
health and dental care.
C
textbooks and supplies.
D
tuition and class fees.
10

Completing the FAFSA could help decide whether a student

A
deserves a merit-based award.
B
should receive student-specific financial aid.
C
should be given an athletic scholarship.
D
requires an academic scholarship.

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