"Use Your Money Wisely You can get college money from several different sources, including the following. • Grants and Scholarships. This refers to aid you do not have to repay. Grants are usually based on need while scholarships are frequently based on academic merit or other qualifying factors. • Educational Loans. These are usually subsidized by federal and state governments, private lenders, or 666 Chapter 17 Your Career in Business This OpenStax book is available for free at http://cnx.org/content/col25734/1.7\n\nthe colleges themselves. Generally, the loans carry lower interest rates than commercial loans, and you do not have to pay them off until after graduation. • Work Aid. This is financial aid you have to work for, frequently 10 or 15 hours a week on campus. There are many ways to cut the cost of going to college. Consider these: • Going to a community college for the first two years and then transferring to a four-year institution • Attending a nearby college and living at home • Enrolling in one of thousands of college and universities with cooperative educational programs that alternate between full-time studies and full-time employment • Taking a full-time job at a company that offers free educational opportunities as an employee benefit Fun Self-Test—How Well Do You Manage Your Time? Rate your level of agreement with the following statements using the scale below: Strongly Agree Agree Neither Agree nor Disagree Disagree Strongly Disagree 1. I rarely feel driven by the urgencies that come my way. 2. I keep a log of each activity to be performed in a day. I prioritize them accordingly. 3. I prioritize not by the importance of the work but by its nature. 4. I can manage my schedule without preparing a weekly plan that includes specific activities. 5. I always want to do all the work myself, thinking I can do it better than anyone else. 6. I plan my weekends with my family and friends. 7. I can delegate work to people so that the work gets done on time and the people feel they are a part of the team. 8. I allow time for the unexpected things I cannot control. 9. If something doesn’t happen as per my schedule, it doesn’t get done. 10. To accomplish a set of objectives doesn’t mean to avoid other unexpected problems. 11. I seldom work after office hours. 12. I would never work by hand if a machine could do it faster. 13. I feel it is easier and time-saving to try new ways of doing things. 14. I always find time to do what I want to do and what I should do. 8 See the scoring guidelines at the end of this chapter to obtain your score. Table 17.4 To learn about college costs and financial aid, one of the first sources to consult is the website of The College Board, a not-for-profit organization that connects students to college success and opportunity. Some of the important topics covered at www.collegeboard.org include explaining financial aid, facilitating the application process, and finding colleges that fit. There are other websites that also offer information on financial aid: • http://www.fastweb.com: Fastweb has a database of more than 1.5 million private-sector scholarships, grants, and loans. • http://www.ed.gov: This is the U.S. Department of Education information site for federal aid programs, including student loans and grants. Gain some insight into your money management skills by taking the quiz in Table 17.5. Chapter 17 Your Career in Business 667\n\nStudy Well The first key to doing well in a subject is to complete your assignments on time. Most instructors base their assignments on what they will be discussing in class on a given day. So, if you read"
