AnswersDRHS GA-GSE Personal Financial LiteracyUnit Test

Understanding College Savings Answers

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1
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Which statement best defines a grant?

A
A grant is an educational plan in which students alternate between studying for school and gaining work experience.
B
A grant is a loan offered to students to help pay for education-related expenses.
C
A grant is money given by an organization for a specific purpose.
D
A grant is a loan offered to anyone who is thinking about attending college.
2
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What form should Brian complete?a SMART forma TEACH form✔ a FAFSA forma work-study form

A
a SMART form
B
a TEACH form
C
✔ a FAFSA form
D
a work-study form
3

What else can Brian do to help pay for college?✔ start saving money in an accountdrop out of school and get a jobask his friends to pay for his textbooks

A
✔ start saving money in an account
B
drop out of school and get a job
C
ask his friends to pay for his textbooks

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