Fillable MCMP Module 7 (Wichita State University)

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MCMP Module 7 (Wichita State University)

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Module 7
1. Select the best way to think about how to pay for college. Answer ______
a. For most people college will be paid for by using money from several sources.
b. Most people should pay for their college education by only borrowing the money.
c. Since colleges cost so much, a degree really doesn’t pay off anymore.
d. It’s impossible for most people to save so you shouldn’t try to save for college.
2. Scams and fraud are common in many areas, except for college scholarship opportunities.
Answer ______
a. True
b. False
3. Select a way that will help you avoid scams and fraud while searching for scholarships:
Answer ______
a. Only search on web sites that require you to give them a credit card or bank account
number.
b. Only search on sites that guarantee you will get a scholarship.
c. Make sure you apply for scholarships that are easy to apply for; you’ll need to save
your energy for college.
d. None of the above.
4. What should you do when searching for scholarships?
Answer ______
a. Remember that all scholarships are only for a specific college.
b. Only look for scholarships from a single organization.
c. Always pay for help in searching for scholarships.
d. Realize that scholarships can come from many sources.
Visit www.mycollegemoneyplan.org for additional resources and information.
5. Which option is better if you’ve already filled out the green and yellow sections of the
College Financial Planning Worksheet, but you still haven’t met the costs of the college
of your choice?
Answer ______
a. Look into a part-time job or Federal Work Study program that fits into your schedule
if you haven’t done this yet.
b. Borrow from private student loans.
c. Convince a parent or other relative to cash out their retirement savings.
d. Invest in the lottery.
Name: ______________________________ WSUid: _____________________
Visit www.mycollegemoneyplan.org for additional resources and information.
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Completed 18 July 2020

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