7) Career & Education Activity |
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Objective: Play this activity to determine the financial benefits and costs of education for a specific job.
About Career & Education
A Job is an activity you do to earn money. A Career is a series of Jobs that may be related and which may provide you with increasing responsibility and earnings.
Most Jobs require education or skills. Education opens your mind and increases your Job and Career options.
Education can be costly. It is important to plan how to fund your education goals, and to consider how your education will help you in your future Jobs and Career.
Terms to Know
TUITION
The fee charged by the educational institution or training organization. Tuition may not not include cost of books and other materials you may need.
SCHOLARSHIP
Money provided by the educational institution to select students that they want to enroll in their program. Scholarship money is usually applied to reduce the cost of Tuition. Scholarships do not have to be repaid.
GRANT
Money provided by companies, non-profits, or government agencies to help students advance their education. Grants do not have to be repaid, unless the student violates the terms of the grant (such as enrollment status change or grades fall below a required amount).
STUDENT LOAN
Money provided by the government to help a student advance their education. Student loans have to be repaid and sometimes with interest.
STUDENT AID
Students with few financial resources may qualify to receive Student Aid from the government, which could include a combination of grants and loans.
How to Play
A Job is an activity you do to earn money. A Career is a series of Jobs that may be related and which may provide you with increasing responsibility and earnings.
Most Jobs require education or skills. Education opens your mind and increases your Job and Career options.
Education can be costly. It is important to plan how to fund your education goals, and to consider how your education will help you in your future Jobs and Career.
Terms to Know
TUITION
The fee charged by the educational institution or training organization. Tuition may not not include cost of books and other materials you may need.
SCHOLARSHIP
Money provided by the educational institution to select students that they want to enroll in their program. Scholarship money is usually applied to reduce the cost of Tuition. Scholarships do not have to be repaid.
GRANT
Money provided by companies, non-profits, or government agencies to help students advance their education. Grants do not have to be repaid, unless the student violates the terms of the grant (such as enrollment status change or grades fall below a required amount).
STUDENT LOAN
Money provided by the government to help a student advance their education. Student loans have to be repaid and sometimes with interest.
STUDENT AID
Students with few financial resources may qualify to receive Student Aid from the government, which could include a combination of grants and loans.
How to Play
- Start by considering the type of JOBS and CAREER you want to have. Then research the EDUCATION you need to achieve these goals. Search for the costs of achieving this EDUCATION.
- Enter values for each of the items. Click VIEW to enter details.
- Reflect on the numbers to see if your EDUCATION FUNDING is sufficient to cover your EDUCATION COSTS. Consider if your EARNINGS will provide a good return on your investment.
- Use the PRINT button to print to paper or save an electronic file (pdf). Write your name down on the printout if you will be submitting to an instructor.
- Use the RESET button to erase your data or start over.
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PRACTICE
Click the PLAY ACTIVITY button below to do the activity for MO and then for yourself. Mo Money Play this activity to determine Education Costs and Funding for Mo Money, based on his future career and education. When calculating monthly amounts, multiply weekly amounts by four (this is not quite exact, but keep it simple). Review the MO MONEY PROFILE. YOUR TURN! Complete your own CAREER & EDUCATION activity. |