chapter 5 data & financial literacy

associates degree

degree granted after a 2-year course of study, especially with a junior or community college

good debt

if the debt helps you generate income and build your net worth

grant

form of financial aid that you don’t need to repay

scholarships

a grant or payment made to support a student’s education, awarded on the basis on academics or achievements

work study

relating to a college program that enables student’s to work part-time while attending school

trade school

post-secondary educational institution designed to train students for a specific job in a skilled trade

mentorship

the guidance provided by a mentor, especially an experienced person in a company or educational institution

FAFSA

(free application for federal student aid) form completed by current and prospective students in the US to determine their eligibility for student financial aid