1) What is a benefit of going to college and having a college degree? a) Lower lifetime earnings b) Expanded professional and social network c) Lower interest rates on future loans d) Guaranteed starting salary of $50,000 after graduation 2) All of the following are costs of going to college EXCEPT... a) Tuition and fees b) Textbooks and school supplies c) Room and board d) Scholarships and grants 3) What is the name of the form used to apply for Financial Aid? a) FOMO b) FAFSA c) Show me the money d) FEMA 4) Why should you file the FAFSA as early as possible? a) It can help your chances of being accepted into schools b) You're guaranteed to get more merit-based scholarships c) Aid is given out on a first-come, first-serve basis d) You'll get a lower interest rate on federal student loans 5) What kinds of aid are you NOT eligible for by filing the FAFSA? a) Grants and Scholarships b) Work-Study c) Lottery winnings d) Federal Student Loans 6) How do scholarships and grants differ? a) Scholarships are need-based; grants are merit-based b) Grants are need-based; scholarships are merit-based c) Grants are private forms of aid; scholarships are federal d) They're not different; they are one and the same 7) A Bachelor's degree typically takes how many years to complete? a) 1 Year b) 2 Years c) 3 Years d) 4 Years 8) An Associate's degree typically takes how many years to complete?  a) 1 Year b) 2 Years c) 3 Years d) 4 Years 9) This type of financial aid provides part-time jobs to students with financial need allowing them to earn money to help pay education expenses. a) Workaholic b) Work life balance c) Work-study d) Work at McDonalds 10) This type of financial aid provides part-time jobs to students with financial need allowing them to earn money to help pay education expenses. a) Workaholic b) Work life balance c) Work-study d) Work at McDonalds 11) Which type of financial aid must be repaid a) Student Loans b) Federal Grants c) Scholarships d) Work-Study

WMS - Paying for College Trivia

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