APEX FINAL | EXAM QUESTIONS WITH 100% CORRECT ANSWERS/NEWEST UPDATE/GRADE A+ ASSURED.
Grade Points ✔️A+ : 98-100%(4.0)
A: 94-97%(4.0)
A-: 90-93%(3.66)
B+: 87-89%(3.33)
B: 83-86%(3.0)
B-: 80-82%(2.66)
C+ : 77-79%(2.33)
C: 73-76% (2.0)
C-: 70-72% (1.66)
Subjects of the Aspire Test ✔️English: 50 questions, 40 mins complete, 4 choices.
Math: 53 questions, 65 mins complete, 5 choices.
Science: 40 questions, 55 mins, 4 choices.
Reading: Read 3 passages, 31 questions, 60 mins complete, 4 choices.
Writing: Write an essay, 30 mins complete, 20 pts poss.
scored between 400-452
5 subject sections.
Subjects on PSAT ✔️-Evidence-Based Reading: 60 mins, One Section, 160-760 pts possible.
- 1 passage US/World lit (9 questions)
- 2 passages SS/History (18-20 questions)
- 2 passages Science (18-20 questions)
-Math (70 min, 2 parts, 25 min w/o calculator, 45 mins w/ calculator, 160-760 pts poss)
- 16 heart of Algebra
- 13 data analysis
- 16 passport to advanced math
- 2 additional topic questions
-Writing and Language (35 mins, 4 passages, and 44 questions, 160-760 pts poss)
- 24 questions, the expression of ideas
- 20 questions, standard English conventions
Scoring Range: 320-1520
2hrs 45mins
Types of loans ✔️Perkins Loan: A loan for high-need students that offers up 5,500 a year for undergraduates and up to 8,000 a year for
graduates. The loan may be forgiven for public service under some circumstance.(9 month grace period, max amount 27,500, fixed interest 5%)
, Direct Stafford(Subsidized and Unsubsidized): A student loan that is guaranteed by the US government and has a fixed interest rate lower than
private loans. They can either be subsidized (has to display financial need) or unsubsidized (does not have to be in financial need to receive one)
and there are eligibility requirements, and borrowing limits. Repayment begins after a 6 month grace period. (max amount 31,000, fixed
interest rate of 4.29% or 6.84%)
Direct PLUS: Loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education
expenses not covered by other financial aid.
Why are private loans less favorable than federal loans ✔️Private loans are less favorable because:
-Interest rates vary and are higher than federal loans.
-Loans are in the student's name, and they are responsible for paying them back.
-Repayment terms vary and loans with shorter repayment periods usually cost less than loans with longer repayment period.
-It is important to look at annual percentage rates which can make loan payment high.
529 plans ✔️Legally known as the qualified tuition program. It is a tax-advantaged savings plan designed to encourage saving for future college
costs. They are sponsored by states, state agencies, or educational institutions. Those who invest in a plan are exempt from paying federal taxes
on it and receive certain state tax benefits.
529 college savings plan ✔️A student's family saves money for college by investing funds in the stock market. It offers several investment
options, and the values go up and down based on market performance of the option selected.
529 prepaid tuition plan ✔️AKA the guaranteed tuition plan. Allows families to repay all of or part of the cost of an instate public university
education. It also may be converted for use at a private university.
Coverdell Education Savings account ✔️A Coverdell Education savings account is a tax-advantaged investment account that families can open to
save for education expenses. They can be opened at any bank, mutual fund company, or any other financial institution. Any money that is left
over will go to the beneficiary.
Advantages and Disadvantages to 529 plans ✔️Advantages
-Money gained from the investment doesn't get taxed.
-when money is withdrawn to pay for school it doesn't get taxed
-most states don't tax withdrawals
-usually, plans have a low minimum monthly contribution requirement
-Options of contributing money in one lump sum up to 65,000
-Account holder maintains control
-The beneficiary can be changed.
Disadvantages
-Money withdrawn that is not used for college will be taxed.
-Does affect need-based financial aid eligibility
-Does not guarantee admission to college.
-Required to be 15 years or younger when account is opened
-Contributions cannot be deducted from income tax
-move fund from one state to another but only over a 12 month period.
Advantages and Disadvantages of Coverdell Education Savings account ✔️Advantages
-many of the same advantages as the 529 plan
-can be opened at any financial institution
Grade Points ✔️A+ : 98-100%(4.0)
A: 94-97%(4.0)
A-: 90-93%(3.66)
B+: 87-89%(3.33)
B: 83-86%(3.0)
B-: 80-82%(2.66)
C+ : 77-79%(2.33)
C: 73-76% (2.0)
C-: 70-72% (1.66)
Subjects of the Aspire Test ✔️English: 50 questions, 40 mins complete, 4 choices.
Math: 53 questions, 65 mins complete, 5 choices.
Science: 40 questions, 55 mins, 4 choices.
Reading: Read 3 passages, 31 questions, 60 mins complete, 4 choices.
Writing: Write an essay, 30 mins complete, 20 pts poss.
scored between 400-452
5 subject sections.
Subjects on PSAT ✔️-Evidence-Based Reading: 60 mins, One Section, 160-760 pts possible.
- 1 passage US/World lit (9 questions)
- 2 passages SS/History (18-20 questions)
- 2 passages Science (18-20 questions)
-Math (70 min, 2 parts, 25 min w/o calculator, 45 mins w/ calculator, 160-760 pts poss)
- 16 heart of Algebra
- 13 data analysis
- 16 passport to advanced math
- 2 additional topic questions
-Writing and Language (35 mins, 4 passages, and 44 questions, 160-760 pts poss)
- 24 questions, the expression of ideas
- 20 questions, standard English conventions
Scoring Range: 320-1520
2hrs 45mins
Types of loans ✔️Perkins Loan: A loan for high-need students that offers up 5,500 a year for undergraduates and up to 8,000 a year for
graduates. The loan may be forgiven for public service under some circumstance.(9 month grace period, max amount 27,500, fixed interest 5%)
, Direct Stafford(Subsidized and Unsubsidized): A student loan that is guaranteed by the US government and has a fixed interest rate lower than
private loans. They can either be subsidized (has to display financial need) or unsubsidized (does not have to be in financial need to receive one)
and there are eligibility requirements, and borrowing limits. Repayment begins after a 6 month grace period. (max amount 31,000, fixed
interest rate of 4.29% or 6.84%)
Direct PLUS: Loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education
expenses not covered by other financial aid.
Why are private loans less favorable than federal loans ✔️Private loans are less favorable because:
-Interest rates vary and are higher than federal loans.
-Loans are in the student's name, and they are responsible for paying them back.
-Repayment terms vary and loans with shorter repayment periods usually cost less than loans with longer repayment period.
-It is important to look at annual percentage rates which can make loan payment high.
529 plans ✔️Legally known as the qualified tuition program. It is a tax-advantaged savings plan designed to encourage saving for future college
costs. They are sponsored by states, state agencies, or educational institutions. Those who invest in a plan are exempt from paying federal taxes
on it and receive certain state tax benefits.
529 college savings plan ✔️A student's family saves money for college by investing funds in the stock market. It offers several investment
options, and the values go up and down based on market performance of the option selected.
529 prepaid tuition plan ✔️AKA the guaranteed tuition plan. Allows families to repay all of or part of the cost of an instate public university
education. It also may be converted for use at a private university.
Coverdell Education Savings account ✔️A Coverdell Education savings account is a tax-advantaged investment account that families can open to
save for education expenses. They can be opened at any bank, mutual fund company, or any other financial institution. Any money that is left
over will go to the beneficiary.
Advantages and Disadvantages to 529 plans ✔️Advantages
-Money gained from the investment doesn't get taxed.
-when money is withdrawn to pay for school it doesn't get taxed
-most states don't tax withdrawals
-usually, plans have a low minimum monthly contribution requirement
-Options of contributing money in one lump sum up to 65,000
-Account holder maintains control
-The beneficiary can be changed.
Disadvantages
-Money withdrawn that is not used for college will be taxed.
-Does affect need-based financial aid eligibility
-Does not guarantee admission to college.
-Required to be 15 years or younger when account is opened
-Contributions cannot be deducted from income tax
-move fund from one state to another but only over a 12 month period.
Advantages and Disadvantages of Coverdell Education Savings account ✔️Advantages
-many of the same advantages as the 529 plan
-can be opened at any financial institution
