Means test relates to the testing of means or resources a person has in order to avail a service or facility. Higher education is expensive and not everybody can afford it. The means test is applied to assess the ability of a student’s family who has qualified for university admission but has not enough resources to afford the college. In this case, the student deserves and will get financial assistance from the state or supporting body.
On the other hand, a student whose family has enough assets or savings that if accumulated will be enough to support financially for higher education, the means test will confirm that the service should not be provided because the student has enough means to go for college through his own family.
1. Using Your Personal Financial Plan Sheet 22, compare the
1. Jamie Lee is considering a used vehicle, but cannot
Newlyweds Jamie Lee and Ross have had several milestones in the past
Troy has a credit card that charges 18% on outstanding balances
Nick and Nora are married and have three children in college.
Gene and Dixie, husband and wife (ages 35 and 32
How is the market for a stock created? How do brokerage
Ted Riley owns a 2012 Lexus worth $40,000.
1. What is the benefit to Jamie Lee and Ross investing
Julie wants to open a bank account with $75. Julie