Financial Literacy University Foundations Based on
Description: Financial Literacy University Foundations Based on work completed at Purdue University with Think Fast What is the cheapest way to eat in between class? Dining halls Pack a lunch Fast food Vending machines Beg and panhandle How much should
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slide1. Financial Literacy University Foundations
Based on work completed at Purdue University with Think Fast<br>
slide2. What is the cheapest way to eat in between class? Dining halls
Pack a lunch
Fast food
Vending machines
Beg and panhandle<br>
slide3. How much should you have saved for an emergency fund? 3% of salary
Nothing—use loans
3 months’ expenses
A year’s expenses
1 month’s expenses<br>
slide4. What is the average tuition & fees for an in-state undergraduate student per year with 15 cr./sem? $15,300
$11,108
$12,899
$20,170
$18,650<br>
slide5. When is tuition due at Eastern? The first day of classes
The last day of finals
August 1, November 1, April 1
August 15, October 15, March 15<br>
slide6. What happens if your tuition is not paid within 10 days of receiving last bill for the semester? Fines start to accrue
Your schedule is cancelled for next semester
A hold is put on your transcript
You cannot register
All of the above<br>
slide7. When should you file the FAFSA? Every semester
Each year—in January
By the time taxes are due—April 15
Before the next academic year starts<br>
slide8. Which can students do that can cost money/affect financial aid? Not choosing work study
Filing late or incomplete forms
Not choosing loans
Assuming FAFSA covers all scholarships
Not checking email for messages from Fin. Aid<br>
slide9. You can use financial aid for all of the following expenses except? Buying a vehicle
Housing
Books and supplies
Laptop
Shoes<br>
slide10. When do your federal student loans go into repayment ? Never
1 yr after graduation
Immediately
6 mos. after graduation
Repayment during college<br>
slide11. Unsubsidized Stafford loans interest accrues? After college
On graduation
While in college
No interest
Never<br>
slide12. Subsidized Stafford loan interest is paid by whom while you attend at least half-time? Parents
Loan service
Yourself
Federal government
Eastern<br>
slide13. Loans from the university are based on the following: FAFSA
Merit based
ACT score
Randomly selected<br>
slide14. Off campus housing deposit is typically? No charge
First month’s rent
Security deposit
$50
$500<br>
slide15. Financially, what is the best way to pay for spring break? savings from employment
student loans
parents’ credit card
your credit card, play lotto<br>
slide16. If someone steals your credit card and uses it, how much could you owe? 2.75% owed
Nothing, the bank pays
$50
Total unauthorized charges
$500<br>
slide17. Your credit score affects ability to receive? Credit cards
Auto loans
Housing
Employment
All of the above<br>
slide18. The average debt of an Eastern undergraduate upon graduation. $32,100
$15,577
$20,108
$23,743
$27,032<br>
slide19. Which actions will begin your personal credit score? Taking out a loan for a car
Applying for a student loan
Using a credit card
Not paying rent
Not paying bills<br>
slide20. Good debt includes which of the following items? Every day purchases on credit card
Student loan
Car/auto loan
Charging spring break trip<br>
slide21. If you have $3000 on a credit card that earns 18% APR, and you pay off the minimum of $60 a month, how long will it take you to pay off the original debt? 18 months
3 years
4 years
5 years
8 years<br>
slide22. http://www.cashcourse.org/financial-tools/financial-calculators/how-long-will-it-take-to-pay-off-my-credit-card-s-.aspx<br>
slide23. For financial help see these websites: cashcourse.org
givememoneyboiler.com
boilerbank.org
petescash.com
Iamarichboiler.org<br>
Based on work completed at Purdue University with Think Fast<br>
slide2. What is the cheapest way to eat in between class? Dining halls
Pack a lunch
Fast food
Vending machines
Beg and panhandle<br>
slide3. How much should you have saved for an emergency fund? 3% of salary
Nothing—use loans
3 months’ expenses
A year’s expenses
1 month’s expenses<br>
slide4. What is the average tuition & fees for an in-state undergraduate student per year with 15 cr./sem? $15,300
$11,108
$12,899
$20,170
$18,650<br>
slide5. When is tuition due at Eastern? The first day of classes
The last day of finals
August 1, November 1, April 1
August 15, October 15, March 15<br>
slide6. What happens if your tuition is not paid within 10 days of receiving last bill for the semester? Fines start to accrue
Your schedule is cancelled for next semester
A hold is put on your transcript
You cannot register
All of the above<br>
slide7. When should you file the FAFSA? Every semester
Each year—in January
By the time taxes are due—April 15
Before the next academic year starts<br>
slide8. Which can students do that can cost money/affect financial aid? Not choosing work study
Filing late or incomplete forms
Not choosing loans
Assuming FAFSA covers all scholarships
Not checking email for messages from Fin. Aid<br>
slide9. You can use financial aid for all of the following expenses except? Buying a vehicle
Housing
Books and supplies
Laptop
Shoes<br>
slide10. When do your federal student loans go into repayment ? Never
1 yr after graduation
Immediately
6 mos. after graduation
Repayment during college<br>
slide11. Unsubsidized Stafford loans interest accrues? After college
On graduation
While in college
No interest
Never<br>
slide12. Subsidized Stafford loan interest is paid by whom while you attend at least half-time? Parents
Loan service
Yourself
Federal government
Eastern<br>
slide13. Loans from the university are based on the following: FAFSA
Merit based
ACT score
Randomly selected<br>
slide14. Off campus housing deposit is typically? No charge
First month’s rent
Security deposit
$50
$500<br>
slide15. Financially, what is the best way to pay for spring break? savings from employment
student loans
parents’ credit card
your credit card, play lotto<br>
slide16. If someone steals your credit card and uses it, how much could you owe? 2.75% owed
Nothing, the bank pays
$50
Total unauthorized charges
$500<br>
slide17. Your credit score affects ability to receive? Credit cards
Auto loans
Housing
Employment
All of the above<br>
slide18. The average debt of an Eastern undergraduate upon graduation. $32,100
$15,577
$20,108
$23,743
$27,032<br>
slide19. Which actions will begin your personal credit score? Taking out a loan for a car
Applying for a student loan
Using a credit card
Not paying rent
Not paying bills<br>
slide20. Good debt includes which of the following items? Every day purchases on credit card
Student loan
Car/auto loan
Charging spring break trip<br>
slide21. If you have $3000 on a credit card that earns 18% APR, and you pay off the minimum of $60 a month, how long will it take you to pay off the original debt? 18 months
3 years
4 years
5 years
8 years<br>
slide22. http://www.cashcourse.org/financial-tools/financial-calculators/how-long-will-it-take-to-pay-off-my-credit-card-s-.aspx<br>
slide23. For financial help see these websites: cashcourse.org
givememoneyboiler.com
boilerbank.org
petescash.com
Iamarichboiler.org<br>