Pretest Answers

If he pays the balance with a student loan, how much will he need to borrow for his first year?

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?

How are loans and grants different?

John is about to enter a college in Texas. The total tuition fee for one year is $⁢9,950 He received some financial aid through scholarships, grants, job income, and loans. Scholarship: $⁢1,000 Grant: $⁢1,500 Work study: $⁢2,000 Student college loan: $⁢1,000 After accounting for all the financial aid, how much will John have to pay for his first year of college? Enter your answer in the box.

Which form must be filled out and submitted to determine the types and amount of financial aid available to a student?

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?

Which methods of paying for college do not require repayment? Choose four correct answers.

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. Marley told him he should take the grant. Brianna told him not to take the grant. Which statement about their advice is true?

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? Choose four correct answers.