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Budget Management

Quiz by Melanie Johnson

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10 questions
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  • Q1
    The Higher Education Act of 1965 was reauthorized in 2008 as the Higher Education Opportunity Act and is intended to
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    remove financial barriers to college for any academically qualified student
    create colleges that deliver tuition-free education to 1st generation students
    loan money to under-resourced students
    provide instructors additional financing to promote student success
  • Q2
    True or False? My institution’s policies and procedures supersede the Higher Education Opportunity Act (HEOA).
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  • Q3
    An example of TRiO Legislation is…
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    My Employer's Policies & Procedures
    My Approved Grant Proposal
    The HEA (Higher Education Act)
  • Q4
    This is a REQUIRED SSS & McNair service:
    Exposure to cultural events
    introduction to a range of career options
    help applying for financial assistance
    mentoring programs
  • Q5
    The Electronic Code of Federal Regulations is where I can find…
    A copy of my budget
    Instructions on how to provide direct support to participants
    Federal regulations governing my program
    A copy of my approved grant proposal
  • Q6
    Allowable costs do NOT include…
    Transportation of participants & staff to and from approved educational & cultural activities sponsored by the project
    In-service training of project staff
    Costs involved in recruiting students for enrollment at the Institution
  • Q7
    The only time I need to get Prior Approval for budget revisions is when…
    All of the above
    There will be a change in a key person specified in the Grant Award Notification
    The budget revisions will result in a change of scope or the objective of my project
    The project director will be disengaged from the project for more than 3 months
  • Q8
    In order to manage my budget well, I should…
    Become comfortably familiar with legislation & regulation related to my program
    Memorize all of Title 34
    Rely on my program officer to notify me when I am out of compliance
  • Q9
    The acronym E.D.G.A.R. stands for…
    Education Department Gigantic Administrative Regulations
    Education Department General Administrative Regulations
    Educators Dispersing General and Advanced Recordkeeping
    Education Department General Accessible Regulations
  • Q10
    This is a PERMISSIBLE McNair & SSS service
    Exposure to cultural events & mentoring programs
    assistance with paying for childcare
    payment of college-application fee
    Grant aid for spring break vacation

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