Ellen Was on Stable Financial Ground When the Term Began

question 39

Multiple Choice

Ellen was on stable financial ground when the term began. She had some financial aid, which helped cover the cost of school, and her part-time job earned her enough money to cover her rent and everyday expenses. Within a few months, things took a turn for the worse. There was a fire in her building, and she was forced to move to a new apartment that was more expensive. Her hours were also cut at her job, leaving her with a smaller paycheck. She started using her credit card to bridge the gap, but now she is accumulating significant debt. What should Ellen do?

• A) withdraw from school at the end of the term and get a full-time job
• B) register for fewer classes next term so she can be considered a part-time student
• C) speak to a financial aid officer as soon as possible
• D) continue living off her credit card and try to find a second job

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Definitions:

Top 1 Percent

The segment of the population that earns the highest income, often used in discussions of income inequality.

Earners

Individuals or entities that receive income in exchange for providing goods or services, or through investments.

Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.