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- 1. Multiple ChoiceThe total estimated student loan debt is over:$10 Thousand$1 Trillion$7 Trillion$1 Billion
- 2. Multiple ChoiceWhich of the following is NOT a good option to pay for your education?Plan aheadFill out the FAFSAAsk your parents to take out a loanGet a part-time job
- 3. Multiple ChoiceWhich of the following are ways that you can invest in yourself?Find a mentorSurround yourself with people who have similar goals and ambitionsRead booksAll of the above
- 4. Multiple Choice
Which of the following statements is false?
Millions of people can't afford to make their student loan payment every month.
Our culture accepts student loan debt as normal and sometimes even refers to it as good debt.
Debt is owning anything to anyone for any reason.
A student loan is an award.
- 5. Multiple Choice
Which of the following statements about college financial aid is false?
Many businesses have scholarships for employees' children.
Grants are free money.
The Free Application for Federal Student Aid (FAFSA) is the first step to receiving any kind of financial aid.
Scholarships are only for the highest academic achievers.
- 6. Multiple ChoiceYou should visit your college's financial aid office if:Your parents' financial situation has changedYou have any problems with the financial aid application processA medical situation has come upAll of the above
- 7. Multiple Choice
Which of the following statements is false?
On-campus jobs may pay you directly or pay toward your tuition bill.
Research shows that students who work up to 20 hours a week have the highest grade point averages.
Research shows that working more than 20 hours a week may affect your grades negatively.
Students rarely drop out of college due to financial trouble.
- 8. Multiple ChoiceWhich of the following is NOT recommended when you are cash-flowing your college education?Live on a zero-based budgetAttend an out-of-state schoolWork and save money over the summer monthsMake sure you have an emergency fund
- 9. Multiple Choice
The average repayment period for a student loan is:
15 years
5 years
20 years
10 years
- 10. Multiple Choice
Which of the following statements is false?
On-the-job training often combines a professional trainer, hands-on-activities and formal classroom training.
Students who are looking to learn specific skills can look into free or low-cost certifications found online, at community colleges, or through government-funded programs.
An associate's degree is a two-year degree that can offer specialized training and a flexible schedule that allows you to work while you earn your degree.
All high-paying careers require a four-year college degree.
- 11. Multiple Choice
The Fourth Foundation is:
Pay cash for your car
Build wealth and give
Build a $500 emergency fund
Pay cash for college
- 12. Multiple Choice
Which of the following could be a negative consequence of taking out student loans?
Not having the freedom to be a stay-at-home parent because of student loan payments.
Having to delay investing and saving for your future because of student loan payments.
Not having flexibility in your career options because of student loan payments.
All of the above.
- 13. Multiple ChoicePercentage of college students that graduate with student loans90%66%30%25%
- 14. Multiple Choice
A wise college plan does NOT include:
Creating a budget and starting to save now
Shopping around for the most appropriate, low-cost academic option for your career choice
Scoring well on the ACT or SAT
Finding the most expensive, prestigious college so that you can impress future employers
- 15. Multiple Choice
Which of the following is NOT one of the basics of budgeting?
Pay yourself first by saving
Stick to your budget unless something unexpected happens
Make it a priority to give
Live on less than you make
- 16. Multiple ChoiceOur culture thinks student loan debt is normal and that it's an acceptable way to pay for collegeTrueFalse
- 17. Multiple ChoiceA four-year degree is necessary regardless of which career you're entering.TrueFalse
- 18. Multiple ChoiceThe average millionaire reads one nonfiction book a monthTrueFalse
- 19. Multiple ChoiceThe best quality colleges are always the most expensiveTrueFalse
- 20. Multiple ChoiceYou must shop for the best price for your education in the same way you comparison shop for any large purchaseTrueFalse
- 21. Multiple ChoiceYou'll only need to complete the FAFSA once during your college educationTrueFalse
- 22. Multiple ChoiceThe academic and financial choices you make in the next few years will affect the next 40 years of your lifeTrueFalse
- 23. Multiple Choice
When shopping for the best education option, you should narrow down your choice of colleges to 10 schools or less.
True
False
- 24. Multiple Choice
You must go to a prestigious school in order for employers to recognize your talents and strengths.
True
False
- 25. Multiple Choice
If you plan to attend a community college for your first two years, you'll want to work closely with your advisor to make sure that the classes you take will transfer to your four-year school of choice.
True
False
- 26. Multiple Choice
A form that is completed annually by current and prospective college students to determine their eligibility for financial aid.
FOS
FAFSA
- 27. Multiple Choice
A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements
Grant
Scholarship
- 28. Multiple Choice
A program that allows students to work part time while continuing their studies
Work study
Overtime
- 29. Multiple Choice
A form of federal or state financial aid that does not need to be repaid; usually given to students who demonstrate financial need
Grant
Scholarship
- 30. Multiple Choice
A two-year government-supported college that offers an associate's degree
Trade school
Community college
- 31. Multiple Choice
Usually a professional trainer serves as the course instructor and uses a combination of hands-on activities and formal classroom training
Associate's Degree
On-the-job-training
- 32. Multiple Choice
Allows students to learn basic professional skills in two years or less; typically cut out many of the general courses required by traditional universities
Trade school
Self-education
- 33. Multiple Choice
These may be free of low-cost; found online, at community colleges, or through government-funded programs.
Associate's Degree
Certifications
- 34. Multiple Choice
A person that starts his or her own business
Entreprenuer
Advisor
- 35. Multiple ChoicePay as you goborrowcash-flow
- Answer choicesTagsAnswer choicesTags