Money Smarts
Master Your Money Smarts
Take our Money Smarts quiz to test your knowledge on financial literacy! This engaging quiz covers important topics such as college costs, budgeting, and student loans.
Challenge yourself and learn what you might not know:
- Understand the basics of loans and grants
- Explore the costs associated with college attendance
- Navigate the financial aid process confidently
Who does money from a credit card belong to?
You
The Bank
What is the term for money given based on financial need?
Grant
Loan
Scholarship
Work-Study
What is the term for borrowed money?
Grant
Loan
Scholarship
Work-Study
As of 2017, what was the average cost to attend a public four-year college?
$21,000
$13,000
$27,000
$16,000
What is the FAFSA used for?
To determine how much money a family can pay for college
To determine how much college will cost
To determine how many years are needed for a degree
What is an out-of-state fee?
Fee paid to the state you reside in
Fee paid for changing your major
Fee paid for going to college in a different state
Fee paid for college supplies
What is a budget?
The amount of money you pay for bills
The amount of money you have available to spend
The amount of money you receive from your job
The amount of money you pay in college
As of 2017, what was the average cost for community colleges?
$25,000
$10,000
$16,000
$21,000
As of 2016, how much student debt did the average college owe?
$37,000
$28,000
$21,000
$40,000
What does FAFSA stand for?
Federal Association for Foreign State Affairs
Free Application for Federal Student Aid
Free Application for Foreign Student Aid
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