IXL | Paying for college | 6th grade math

Dan is using multiple methods to pay for college. Match each method to its description.

grant

student loan

savings

Description

Method

Money Dan borrows from a bank

Money given to Dan by the government based on his parents' incomes

Money Dan has been keeping in a bank

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question

Oliver is using multiple methods to pay for college. Match each method to its description.

student loan

work-study

grant

Description

Method

Money Oliver will earn at his job in the college writing center

Money given to Oliver by the government based on his parents' incomes

Money Oliver borrows from the bank

key idea

Grants are given by the government, schools, or non-profit organizations. They are typically based on financial need. They do not need to be paid back.

A student loan is money that is borrowed, often from the government. The money needs to be paid back, typically with interest.

Work-study programs allow students to earn money for college in exchange for doing a job.

solution

Look at the first description.

Money Oliver will earn at his job in the college writing center

Oliver will earn the money doing a job. So, this describes

work-study.

Look at the second description.

Money given to Oliver by the government based on his parents' incomes

The money is given and is based on financial need. So, this describes a

grant.

Look at the third description.

Money Oliver borrows from the bank

The money is borrowed. So, this describes a student

loan.

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