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Everfi Future Smart: Investing in You!/16 Q’s and A’s
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Everfi Future Smart: Investing in You!/16 Q’s and A’s
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Everfi Future Smart: Investing inYou!/16 Q’s and A’s
Opportunity Cost - -When you make a choice, the value of the thing that you
did not choose. -Bachelor's Degree - -A degree from a university. It usually takes four years to earn one. -Master's Degree - -An advanced degree from a university. It usually takes 1-2 years AFTER finishing your bachelor's degree. -Associate's Degree - -A degree from a community college. It usually takes about two years to earn one. -Doctoral Degree - -The most advanced degree from a university. It can take 4-6 years AFTER finishing your bachelor's degree to earn one. -Vocational Training - -This is training for specific job skills. -Economy - -A network of consumers and producers (of money) in a community -Economic Indicators - -A statistic that helps make predictions about the future of the economy. -Supply - -The amount of a specific good or service available for a given price. -Demand - -Measures the number of people who are willing to buy a particular good or service at a given price. -Tuition - -The money you must pay to attend college or university. -FAFSA - -Free application for federal student aid. This is the main form used to apply for loans. -Grant/Scholarship - -Free money to help pay for college. You do NOT have to pay the money back. -Student loan - -Money that you borrow to pay for college. -529 College Savings Plan - -Savings accounts that let you save for higher education
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