Financial Literacy Questionnaire
Name: Bethany Fullenkamp Please answer the following with True or False: 1. Student loans must be paid back in the exact amount I received and no more. 2. Scholarships do NOT need to be paid back. 3. It is best to have no debt whatsoever. 4. If I am given money for school in the form of a student loan or scholarship, the money will be sent to me as a check. 5. Debit cards are different from credit cards; with a debit card money is taken directly from my checking account when I make a purchase. 6. If I pay my entire credit card bill every month without letting a balance carry over to the next month, I will not have to pay interest. 7. If I am unable to pay a bill, it is best to just wait until the next month. 8. I have to pay Grants back. 9. If I withdraw from a class, I won’t have to pay for it. 10. “Excellent” credit is considered a score between 600 and 700. 11. My parents do not have to start paying back a Parent PLUS Loan until 6 months after I ...view middle of the document...
20. Scholarship money is usually awarded for the semester AFTER I apply. 21. I should only apply to a few scholarships. 22. Once I get a scholarship, I should stop applying because I will get that money every year until I graduate. 23. Only athletes and star students can get scholarships. 24. I can receive scholarships based on creativity. 25. If I do not meet GPA criteria for a scholarship, I should still apply. 26. The quantity of applicants that apply to a particular scholarship does not affect the chances of my winning the scholarship.
12/5/2012 Fin Lit
Please answer the following with True or False:
27. Lottery scholarships are scholarships in which the winners are chosen at random. 28. Scholarships awarded to me will not affect my financial aid package. 29. I should be cautious of companies offering to help me find scholarships because it might be a scam. 30. Volunteer work I have done will not make me eligible for scholarships. 31. A resume should be no longer than 1 page. 32. I should put my career goals on my resume. 33. I can use the same cover letter (with minimal changes) to apply to several jobs. 34. I have to put ALL of my experiences on my resume. 35. It is okay to lie about experiences on a job application or in an interview if there is something I am ashamed about, because the employer will never find out. 36. Over-dressing for an interview is better than under-dressing. 37. Networking is a very important tool to help me gain a job. 38. Employers are not allowed to ask for my transcripts. 39. It is generally okay to wear jeans to a job interview. 40. I should be very careful about what I put on the internet, because potential employers can see what I post. 41. It is okay to speak badly about a previous job in an interview. 42. Reading the directions carefully and following them exactly is the first step in filling out a job application. 43. It is always a good idea to have a current resume on file. 44. I don’t need to do any research about a job before the interview, the company will tell me everything I need to know when I get there.
For counselor use only: Financial Literacy /15 Scoring: Subfields: 0-5 = Level 1; 6-10 = Level 2; 11-15 = Level 3 Total: 0-15 = Level 1; 16-30 = Level 2; 31-45 = Level 3 Scholarships /15 Careers /15 Total /45
12/5/2012 Fin Lit