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Score Your Financial Aptitude Cost 

Score Your Financial Aptitude

Do you know your way around financing your college career? Take this quiz to learn more.

  1. True or false: You don’t need to fill out a FAFSA form if you don’t think you qualify for financial aid.

FALSE! Don’t assume you won’t qualify. Every high school senior should complete a FAFSA form. You might be eligible for not only state or federal funds, but aid from colleges and universities as well. And you may discover that you qualify for scholarships you didn’t even know about.

  1. True or false: I’ll find more scholarship opportunities if I pay for a scholarship search service.

A resounding FALSE! Never pay a fee for scholarship searches. There are plenty of free resources out there. Look into community resources, such as service organizations, churches and community foundations, or visit FastWeb.com for online resources.

  1. True or false: I don’t have to pay back a student loan if I don’t finish college.

FALSE AGAIN! Student loans are a good option for many families, but you need to understand the rules and make sure you will be able to pay back the loan. You’re still required to pay back money you borrowed, even if you don’t finish school. Check out INvestEdIndiana.com to learn about and compare various student loan options.

  1. The first step in choosing a college is looking at tuition costs.

Sorry, FALSE. That’s the final step. The first step is to think about your career goals. The second is to investigate which schools offer programs that will help you reach those goals. There are a lot of options, so talk to your college guidance office to help you sort through the possibilities. Once you’ve done your homework, you can review the tuition and fees and see which options may be best for you and your family.

  1. It’s possible to save money by earning an associate degree in Indiana in less than a year.

Yes, it’s TRUE. Ivy Tech Community Colleges offer an Associate Accelerated Program (ASAP). High school graduates can earn an associate degree in 11 months and then transfer to a four-year college to earn a bachelor’s degree. Students must be referred and nominated by a school counselor and have a minimum 2.5 GPA. For more info visit IvyTech.edu/asap.

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