Economics Unit 6

Flashcards

One’s experience, education, and skills define one’s ____.

employability

This funding method provides students with up to 20 hours of work per week.

Federal Work-Study Program

A Social Security number, information about assets, and records of taxed and untaxed income are necessary to request federal aid.

Free Application for Federal Student Aid (FAFSA)

The Department of Education grants money to schools to provide students who demonstrate need with up to $4,000 in education funding.

Federal Supplemental Education Opportunity Grant (FSEOG)

The government uses a formula to determine how much a student and his family should pay for education.

Expected Family Contribution (EFC)

This desirable federal aid provides free funds to students for periods of up to 12 semesters.

Federal Pell Grant

This funding method allows a school to place students in off-campus jobs within their area of study.

co-op program

The Montgomery GI Bill gives financial assistance to members of  ____ to pay for many educational expenses.

Military

Typically smaller than public schools, ____ colleges are operated by nonprofit or religious groups.

private

___can vary greatly based on the degree that one obtains.

Earning potential

The percentage of students gaining entrance into a school is the ____ rate.

acceptance

The ___ provides tuition rates, graduates’ average starting salary, test scores, and graduation rates for institutions of higher education.

common data set

A tax refund on a portion of qualified school expenses is a(n) ___.

tax credit

Private companies, professional organizations, colleges, employers, and individuals are all sources of ___.

scholarships

Students learn specific trades at ____ schools rather than pursuing traditional college degrees.

vocational

It is best to choose a school that maximizes the ___ potential of each student.

earning

Effective schools excel at the measure of ____ rate, which is tracked by the Common Data Set.

graduation

____ tuition is a surcharge added to the standard tuition rate.

differential

Parents may assist dependent undergraduate students in funding their education by taking out ___ loans.

direct PLUS

A steady stream of state funding supports facilities and faculty research at large ____ schools.

public

One’s experience, education, and skills define one’s ____.

employability