AnswersSHS Lifetime Fitness - 2021Understanding College Savings

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

A
college savings
B
student loans
C
grants
D
scholarships
E
work-study
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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
$3,500
C
$11,500
D
$14,000
23

What is one benefit of purchasing saving bonds?

A
Saving bonds are purchased from the government and guaranteed to increase in value.
B
Saving bonds are purchased from commercial banks and guaranteed to increase in value.
C
Saving bonds are short term investments backed by the government to protect from loss.
D
Saving bonds are long term investments created to help first time home buyers obtain a mortgage.
24

Lyle deposited a check for $75.26. He’ll use the check register to record his transaction. What will be his new balance?

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A
$821.00
B
$896.44
C
$938.00
D
$979.56
25

Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?$

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