Understanding College Savings Answers

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

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? Check all that apply.

Bethany is in 7th grade. She wants to attend college and knows that she will need funds. Which option of funding her education should she consider now?

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?

Annika is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Annika knows her parents can contribute $7,500 each year.Annika’s College Costs & Financial Aid Package per YearCostsFinancial Aid PackageTuition & FeesGrants & Scholarship$21,500$10,500Room & BoardWork-Study$13,500$9,000How much will Annika need to pay each year from her own savings and from loans?

Annalise received financial aid offers from two universities. Financial Analysis for Option ACosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$10,000$7,000Room & BoardWork-Study$11,500$4,000Financial Analysis for Option BCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$28,000$18,000Room & BoardWork-Study$9,000$4,000Which statement about the costs per year is true?

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?

How are loans and grants different?

Marcel is nearing graduation. He just met with his counselor and she showed him this information. Marcel’s College Costs & Payment Options per YearCostsMethods of PaymentTuition & FeesGrants & Scholarships$12,500$6,500Room & BoardWork-Study$8,200$9,800If he pays the balance with a student loan, how much will he need to borrow for his first year?

Which term is defined as an educational program in which students alternate between school and gaining work experience?