Fafsa and financial aid - Study guides, Class notes & Summaries

Module 14 Test Questions Graded A+ When interest is earned not only on principal but also earned on interest, it is referred to as compound interest Net worth is calculated by subtracting liabilities from assets Which of the following are strategies that help in saving for an emergency fund? Start small, focus on the benefits, and treat savings like a bill. Are fixed costs considered to be anticipated or unanticipated costs? Are variable costs considered to be anticipate...

Financing Higher Education Questions With 100% Correct Answers 2024/2025 Which is NOT considered an additional cost beyond tuition for higher education? - answerAcademic counseling Federally-funded grants require the student to... - answerhave financial need only. Earning a degree can be expensive but which example shows why it might be worth it? - answerIndividuals with a bachelor's degree typically earn a higher annual salary than those with one. Making the choice to spend money on po...

FICEP Part 2 Latest Update Graded A 401k Plan A plan which allows employees to make tax-deferred contributions to retirement savings accounts. Many employers match these contributions at a specified ratio to help retirement savings build faster. Beneficiary The person or persons who are designated to receive the amount of the death benefit if the policyholder dies. Cafeteria Plan Tax-qualified flexible benefit plans that are offered by participating employers. It was created by the internal Re...

Award Letter correct answersNotification of the terms and requirements of the financial aid package offered by a college Cost of Attendance correct answersAnnual cost of attending college that is used to determine a student's financial need; includes tuition, books, fees, room and board, transportation and out-of-pocket expenses; also referred to as student expense budget Dependent Student correct answersUnmarried student under 24 years old that has no dependents and who has access to par...

Courteous greeting and closing correct answersRecommended regarding email etiquette Web-based interface correct answersElsie wants to begin organizing her schedule in an electronic scheduling system. She needs to be able to access her calendars from any computer or mobile device without having to rely on one particular device. To accomplish this, she should look for which of the following features? Artifacts correct answersItems in a portfolio which document or serve as evidence of the ind...

Financing Higher Education Questions With 100% Correct Answers 2024/2025 Which is NOT considered an additional cost beyond tuition for higher education? - answerAcademic counseling Federally-funded grants require the student to... - answerhave financial need only. Earning a degree can be expensive but which example shows why it might be worth it? - answerIndividuals with a bachelor's degree typically earn a higher annual salary than those with one. Making the choice to spend money on po...

CCT Unit 5 Exam Guide |100% Correct| Updated ___ means dependent upon. *Ans* Contingent ___ is extra money that is not required to meet your needs. *Ans* Discretionary income The ___ is the amount of money the federal government determines a family can pay toward a dependent's tuition. *Ans* EFC ___ occur repeatedly, but vary in amount from month to month. *Ans* Flexible expenses A ___ loan is where the interest is paid for by an outside source, such as the federal government. *Ans*...

The higher your Expected Family Contribution, the _________________ financial aid you will likely receive. correct answersless Promissory note correct answersa written contract with a promise to pay a supplier a specific sum of money at a definite time Best option for paying for college correct answersGrant FAFSA correct answersFree Application for Federal Student Aid; determines how much financial aid a student may receive. Private (student)Loans correct answersrequires a credi...

time value of money -:- Money now is worth more than in 20 years A house payment -:- Principle, interest, property taxes, and insurance compound interest -:- interest earned on both the principal amount and any interest already earned Payday Loan -:- a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next paycheck. Central Banking System 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 2 0...

Personal finance Midterm Questions and Answers Rated A+ Use the rule of 72 to calculate how long it will take for your money to double if it's earning 6% in interest: 12 years Which will most benefit you financially? a. A savings account that does not compound interest Selected: b. A savings account that compound interest yearly This answer is incorrect. c. A savings account that compound interest monthly d. A savings account that compound interest daily d. A savings account tha...