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College, Career, and Life Readiness Post-Test Review Questions and Answers
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College, Career, and Life Readiness Post-Test Review Questions and Answers
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College, Career, and Life ReadinessPost-Test Review Questions and
Answers
SMART goal setting - Answer -Specific
Measurable
Attainable
Relevant
Time-bound
financial aid - Answer -methods of paying for education/training, such as grants,
scholarships, etc.
scholarship - Answer -A form of financial aid that does not need to be repaid; usually
awarded on the basis of academic, athletic or other achievements
Needs-Based Scholarship - Answer -awarded based on financial need. They are eligible
for each year of college enrollment.
merit-based scholarship - Answer -Money awarded to a student on the basis of
performance or achievement that doesn't have to be repaid
grant - Answer -a financial award given by a government agency to a private individual
or group in order to carry out a specific task
Federal Student Loans - Answer -offered directly to students by the government;
awarded to students and the parents of
students based primarily on financial need.
Subsidized Loan - Answer -A need-based loan from the federal government, the interest
of which is paid for by the U.S. Department of Education while the borrower is in school
Unsubsidized Loan - Answer -A non-need-based loan from the federal government the
interest of which is paid for by the borrower.
Private Student Loans - Answer -nonfederal loans issued by banks and credit unions
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