What percent of any earnings from jobs or gifts should you try to put into a savings account?(1 point)
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It is generally recommended to save at least 20% of your earnings from jobs or gifts into a savings account.
not 20
It is generally recommended to save at least 10-15% of your earnings from jobs or gifts into a savings account.
How many main types of financial aid are available once you have decided to go to college?(1 point)
The two main types of financial aid available for college students are scholarships and student loans.
u need a number as the answer
There are three main types of financial aid available for college students: scholarships, grants, and student loans.
Anneliese will attend a school next fall that charges $32,000 in tuition for the first year. She has received a scholarship for $16,000, a Pell grant for $4,000, and a work-study grant for $2,500. To the nearest tenth of a percent, how much of her expenses are covered by the scholarship, the grant, and the work-study program put together?(1 point)
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To determine how much of Anneliese's expenses are covered by the scholarship, Pell grant, and work-study grant, we first need to add up the total amount of financial aid she received:
$16,000 (scholarship) + $4,000 (Pell grant) + $2,500 (work-study grant) = $22,500
Now, we can calculate the percentage of expenses covered by financial aid:
Total financial aid received / Total expenses = ($22,500 / $32,000) * 100% ≈ 70.3%
Therefore, approximately 70.3% of Anneliese's expenses are covered by the scholarship, Pell grant, and work-study program combined.
When repaying a student loan, you will only need to repay the amount of money you borrowed. Answer 1 if this is a true statement or 2 if it is false.(1 point)
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