What Type Of Federal Funding Is Free Money But Is Based On Financial Need Only

Brief Introduction about Financing Higher Education Everfi

Financing Higher Education: “Everfi Module 6” is a comprehensive guide designed to empower students with the knowledge and tools necessary to make informed financial decisions about their higher education.

This module 6 explores various aspects of financing, including scholarships, loans, and budgeting strategies, providing a roadmap for navigating the often complex world of educational finance.

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Everfi Module 6 Answers

Financing Higher Education Everfi Module 6 Answers

Question: What type of federal funding is free money, but is based on financial need only

Answer: Federal Grants.

Question: Making the choice to spend money on post secondary education pays off in the long run because ………………….

Answer: Earning a degree will compensate for the expense of college through the higher salaries you’ll receive throughout your career.

Question: The fact that you are more likely to earn more money over your lifetime holding a post-secondary degree means

Answer: The expense of obtaining a post-secondary degree is justifiable.

Question: Which of the following is NOT true about the free application for federal student aid (FAFSA) ?

Answer: The FAFSA can first be submitted on January 1st each year.

Question: Preparing to pay for higher education can start in 9th grade or earlier by ………………

Answer: Opening a 529 plan.

Question: Which of the following is NOT a reason to complete the free application for federal student aid (FAFSA) ?

Answer: It allows you to qualify for early admission.

Question: Dimitri’s counselor told him that post secondary education may be costly initially, yet it can yield benefits over time. What is the implication of this ?

Answer: You’ll earn enough money from the job you get with your degree to cover the cost of college over time.

Question: What can affect whether a public or private university is affordable

Answer: The financial assistance they provide

Question: Andrew doesn’t want to spend a lot of money on student loans and isn’t eligible for grants. What’s his best choice for paying for a bachelor’s degree?

Answer: He has the option to go to the nearby community college, where the classes can be transferred to the public four-year university.

Question: Maria is a high school senior. she wants to go to the local community college and become a nurse, her academic performance is moderate, and she is from a family with limited financial resources. What steps could she take to finance her aspiration of becoming a nurse?

Answer: B & C.

Question: What are the benefits of attending a local community college?

Answer: All of the above.

Question: Which of these additional costs will most likely be the most expensive?

Answer: Board & Room.

Question: Which of the following answers lists 4 year colleges from generally the least expensive to most expensive ?

Answer: Public university within the state, public university outside the state, private university.

Question: Everyone interested in post-secondary education should complete the FAFSA because …………….

Answer: It makes you qualified for federal assistance, as well as various scholarships and grants.

Question: Cutting down on costs by earning an Associate’s degree first and then transferring to a four-year college or university is achievable by attending which kind of higher education institution.

Answer: Local community college.

Question: All of the following are true about why it is important to complete the Free Application FAFSA process EXCEPT.

It permits you to qualify for federal student aid.

It permits you to qualify for early admission.

It permits you to qualify for certain grants.

It permits you to qualify for numerous scholarships.

It permits you to qualify for early admission.

Question: What type of federal funding is free money but is based on financial need only …………….

Answer: Federal funding that is free money based on financial need is typically offered in the form of grants.

Question: What are the benefits of attending a local community college?

Answer: Attending a local community college offers benefits like lower tuition, flexible scheduling, smaller class sizes, and easier transfer to four-year universities.