Marcus is in seventh grade. He has decided that he wants to go to college when he graduates from high school. What are the best things Marcus can do to help pay for his college education? Select all that apply.
What form should Brian complete?a SMART forma TEACH form✔ a FAFSA forma work-study form
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
What is the first step Brian should take? What form should Brian complete? What else can Brian do to help pay for college?
The form asks for a variety of information, but focuses on three specific types. Two types are parental information and personal information. What is the third type of information the form requests?
Liam and Robert are discussing how they will pay for college. Liam says the interest rate on a student loan is higher than on other types of loans. Robert says work-study options are like loans because you have to pay the money back. Who is correct? Explain.
/Explanation: Liam is incorrect. The interest rate on student loans is typically lower than on other types of loans. Robert is also incorrect. Work-study is like a job. You work to earn money and you do not have to pay it back.
What is one major difference between a grant and a loan?
Which of these statements about financial aid are true? Select all that apply.
What will be the total cost of Devon’s first year?$4,040$5,550$8,050
Justin’s plan doesn’t cover his costs completely. What are his options for covering the rest of his costs? Select all that apply.
Think about your plans to go to college, even if you have never considered it before. What plan would you develop to help pay for college? Explain your plan using vocabulary terms from this lesson.
To pay for college, I would first develop a long-term savings plan with my family. I would also research and apply for various scholarships and grants, which are forms of financial aid that do not have to be repaid. Additionally, I would fill out the FAFSA to determine my eligibility for federal student aid, including work-study programs and low-interest student loans. Finally, I would compare the financial aid packages from different schools to create a final budget for my education.
Which did you include in your answer?
How much financial aid will Devon receive for his first year?$3,100$4,400$5,400
Check all that you included in your response.
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