Module 3
1. There are many sources of funds to pay for the costs of college. Which of the following
sources would you have to pay back?
Answer ______
a. A TEACH grant if the service obligation is not completed.
b. Money you saved for college.
c. Money you earn while in college.
d. A scholarship from a local church or civic organization.
2. It’s a good idea to pay a company to search for grants and scholarships for you if they
promise you will get into your #1 school.
Answer ______
a. True
b. False
3. What is the rule of thumb” for the amount of time you should spend studying outside of
class for your college courses?
Answer ______
a. Most college classes do not require you to study outside the classroom.
b. You should plan to study three hours for every hour you spend in class.
c. You should not try to plan your study time; just try to study when you are in the
mood.
d. None of the above.
4. A financial aid award letter from a school is valid for any school of the same type.
Answer ______
a. True
b. False
Name: ______________________________ WSUid: _____________________
Visit www.mycollegemoneyplan.org for additional resources and information