Tuition and Fees

Description: Tuition and Fees Quiz
Number of Questions: 15
Created by:
Tags: education higher education finance and funding tuition and fees
Attempted 0/15 Correct 0 Score 0

What is the average cost of tuition and fees at a public four-year college in the United States?

  1. $20,000

  2. $30,000

  3. $40,000

  4. $50,000


Correct Option: A
Explanation:

According to the College Board, the average cost of tuition and fees at a public four-year college in the United States for the 2020-2021 academic year was $20,770.

What is the average cost of tuition and fees at a private four-year college in the United States?

  1. $30,000

  2. $40,000

  3. $50,000

  4. $60,000


Correct Option: C
Explanation:

According to the College Board, the average cost of tuition and fees at a private four-year college in the United States for the 2020-2021 academic year was $50,770.

What is the difference between tuition and fees?

  1. Tuition is the cost of instruction, while fees are the cost of other services provided by the college.

  2. Tuition is the cost of room and board, while fees are the cost of instruction.

  3. Tuition is the cost of books and supplies, while fees are the cost of other services provided by the college.

  4. Tuition is the cost of all expenses associated with attending college, while fees are the cost of specific services provided by the college.


Correct Option: A
Explanation:

Tuition is the cost of instruction, while fees are the cost of other services provided by the college, such as student activities, health services, and recreation.

What are some of the most common fees charged by colleges and universities?

  1. Application fee

  2. Registration fee

  3. Technology fee

  4. Student activity fee


Correct Option:
Explanation:

Some of the most common fees charged by colleges and universities include the application fee, registration fee, technology fee, student activity fee, health fee, and parking fee.

How can students reduce the cost of tuition and fees?

  1. Apply for financial aid

  2. Attend a community college for the first two years of college

  3. Take online courses

  4. Get a part-time job


Correct Option:
Explanation:

Students can reduce the cost of tuition and fees by applying for financial aid, attending a community college for the first two years of college, taking online courses, getting a part-time job, and living at home while attending college.

What is the Free Application for Federal Student Aid (FAFSA)?

  1. A form that students must complete to apply for federal financial aid

  2. A form that students must complete to apply for state financial aid

  3. A form that students must complete to apply for private financial aid

  4. A form that students must complete to apply for all types of financial aid


Correct Option: A
Explanation:

The Free Application for Federal Student Aid (FAFSA) is a form that students must complete to apply for federal financial aid, such as Pell Grants, Stafford Loans, and PLUS Loans.

What is the difference between a Pell Grant and a Stafford Loan?

  1. Pell Grants are need-based grants, while Stafford Loans are merit-based loans.

  2. Pell Grants are loans, while Stafford Loans are grants.

  3. Pell Grants are need-based loans, while Stafford Loans are merit-based grants.

  4. Pell Grants are grants, while Stafford Loans are loans.


Correct Option:
Explanation:

Pell Grants are need-based grants, which means that students do not have to repay the money. Stafford Loans are loans, which means that students must repay the money with interest.

What is the maximum amount of money that a student can borrow in Stafford Loans?

  1. $20,000

  2. $30,000

  3. $40,000

  4. $50,000


Correct Option: D
Explanation:

The maximum amount of money that a student can borrow in Stafford Loans is $50,000 for undergraduate students and $138,500 for graduate students.

What is the interest rate on Stafford Loans?

  1. 3.73%

  2. 4.29%

  3. 5.05%

  4. 5.81%


Correct Option: A
Explanation:

The interest rate on Stafford Loans is 3.73% for undergraduate students and 5.28% for graduate students.

What is the repayment period for Stafford Loans?

  1. 10 years

  2. 15 years

  3. 20 years

  4. 25 years


Correct Option: A
Explanation:

The repayment period for Stafford Loans is 10 years for undergraduate students and 20 years for graduate students.

What is the Public Service Loan Forgiveness Program?

  1. A program that forgives the remaining balance of a student's Stafford Loans after 10 years of public service

  2. A program that forgives the remaining balance of a student's Stafford Loans after 15 years of public service

  3. A program that forgives the remaining balance of a student's Stafford Loans after 20 years of public service

  4. A program that forgives the remaining balance of a student's Stafford Loans after 25 years of public service


Correct Option: A
Explanation:

The Public Service Loan Forgiveness Program is a program that forgives the remaining balance of a student's Stafford Loans after 10 years of public service.

What are some of the benefits of attending a community college?

  1. Lower tuition and fees

  2. Smaller class sizes

  3. More personalized attention from instructors

  4. More flexible scheduling


Correct Option:
Explanation:

Some of the benefits of attending a community college include lower tuition and fees, smaller class sizes, more personalized attention from instructors, and more flexible scheduling.

What is the difference between an associate's degree and a bachelor's degree?

  1. An associate's degree is a two-year degree, while a bachelor's degree is a four-year degree.

  2. An associate's degree is a vocational degree, while a bachelor's degree is an academic degree.

  3. An associate's degree is a general education degree, while a bachelor's degree is a specialized degree.

  4. An associate's degree is a terminal degree, while a bachelor's degree is a transfer degree.


Correct Option: A
Explanation:

An associate's degree is a two-year degree, while a bachelor's degree is a four-year degree.

What are some of the most popular majors for students at community colleges?

  1. Business

  2. Health sciences

  3. Liberal arts

  4. STEM


Correct Option:
Explanation:

Some of the most popular majors for students at community colleges include business, health sciences, liberal arts, and STEM (science, technology, engineering, and mathematics).

What is the average cost of tuition and fees at a community college in the United States?

  1. $10,000

  2. $15,000

  3. $20,000

  4. $25,000


Correct Option: A
Explanation:

According to the College Board, the average cost of tuition and fees at a community college in the United States for the 2020-2021 academic year was $10,338.

- Hide questions