AnswersFL-1700380-Career Research and Decision MakingMaking Employment Decisions

Making Employment Decisions Answers

10 verified answers1 views
1
Free Preview

Which methods of paying for college do not require repayment? Check all that apply.

A
college savings
B
college savings
C
student loans
D
student loans
E
grants
F
grants
G
scholarships
H
scholarships
I
work-study
J
work-study
2
Free Preview

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?

A
$1,100
B
$1,100
C
$2,200
D
$2,200
E
$3,100
F
$3,100
G
$4,900
H
$4,900
3

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.Sophie’s College Costs & Financial Aid Package per YearCostsFinancial Aid PackageTuition & FeesGrants & Scholarship$11,750$9,000Room & BoardWork-Study$11,500$7,000How much will Sophie need to pay each year from her own savings and from loans?

A
$2,750
B
$3,750
C
$7,250
D
$10,750
4

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?

A
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.
B
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.
C
Marley is correct because he can take the grant and then study whatever he chooses without paying it back if he changes his mind about his career.
D
Marley is correct because he can take the grant and then study whatever he chooses without paying it back if he changes his mind about his career.
E
Brianna is correct because he cannot get scholarships if he takes the grant and scholarships would pay more of his education costs.
F
Brianna is correct because he cannot get scholarships if he takes the grant and scholarships would pay more of his education costs.
G
Brianna is correct because grants are like loans and must be paid back. He should wait and see what scholarships and work-study programs he qualifies for.
H
Brianna is correct because grants are like loans and must be paid back. He should wait and see what scholarships and work-study programs he qualifies for.
5

Elisa is nearing graduation. She just met with her counselor and he showed her this information.Elisa’s College Costs & Payment Options per YearCostsMethods of PaymentTuition & FeesGrants & Scholarship$9,500$9,500Room & BoardWork-Study$11,500$8,000If she pays the balance with a student loan, how much will she need to borrow for all four years?

A
$0
B
$0
C
$3,500
D
$3,500
E
$11,500
F
$11,500
G
$14,000
H
$14,000
6

Which term is defined as a loan given to students to help pay for education-related expenses?

A
financial aid
B
scholarship
C
student loan
D
work-study
7

Alex is nearing graduation. His counselor showed him this information. Alex’s College Costs & Payment Options per YearCostsMethods of PaymentTuition & FeesGrants & Scholarship$10,100$12,500Room & BoardWork-Study$11,750$8,000If his parents cannot help Alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

A
He could work each summer to earn the $1,350 difference.
B
He could wait a year for college and earn the difference.
C
He could abandon his plans for college because he does not have enough money.
D
He could take out a student loan for the difference of $1,350, plus an extra $2,000 a year for mad money.
8

How are loans and grants different?

A
Loans must be repaid, while grants are like gifts.
B
Grants must be repaid, while loans are like gifts.
C
By filling out the FAFSA, students can find out if they qualify for grants, but not loans.
D
By filling out the FAFSA, students can find out if they qualify for loans, but not grants.
9

Callie is comparing the costs of two options for her college education.Option A: Complete the first two years of schooling at a community college and then transfer to a university.Option B: Complete all four years of schooling at the university.Community College Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$2,900$800Room & Board $1,250 University Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$9,500$10,000Room & BoardWork-Study$11,500$2,000Which statement about the cost of the options is true?

A
She would save $1,000 by choosing option B.
B
She would save $5,650 by choosing option A.
C
She would save $11,200 by choosing option B.
D
She would save $11,300 by choosing option A.
10

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.Community College Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$3,000$1,000Room & Board $1,000 University Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$10,000$15,000Room & BoardWork-Study$11,500$4,000Which statement about the cost of the options is true?

A
Option B will save him $1,000.
B
Option B will save him $2,000.
C
Option A will save him $14,000.
D
Option A will save him $17,500.

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Budgeting

Quiz
10 verified answers

Budgeting

Quiz
10 verified answers

Making Employment Decisions