Student Loan Savvy

Play an AI-generated podcast conversation about this lesson

Which of the following is a key factor to consider before borrowing money for education?

The college experience can be fun and enlightening

The type of job you can get after school (correct)

The reputation of the school you attend

The amount of money you can borrow is not important

Why are state and community colleges often considered a good value?

They are highly subsidized by the government (correct)

They provide a higher quality education

They have better job placement rates

They offer a more fun and enriching college experience

What are grants and scholarships?

Money that is given to students to spend on wants and desires

Additional costs associated with college

Loans that need to be paid back

Types of financial aid that are based on grades or achievements (correct)

Which of the following is true about student loans?

Student loans must be repaid even if it takes a lifetime. (D) Signup and view all the answers

What are some consequences of having student debt?

Many people struggle to make their monthly payments and delay major life decisions. (C) Signup and view all the answers

What percentage of college students take out student loans?

7 out of 10 (D) Signup and view all the answers

Which of the following is NOT mentioned as a way to cut college expenses?

Eating out at restaurants (B) Signup and view all the answers

What is one benefit of finding a part-time job while attending school?

Reducing the need to borrow money (D) Signup and view all the answers

Where can students find information about the cost of different schools and financial resources?

College center on campus (A) Signup and view all the answers

Which government department created the Federal Student Aid website?

U.S. Department of Education (B) Signup and view all the answers

Living at home is a way to cut college expenses.

True (A) Signup and view all the answers

Finding a part-time job while attending school can minimize the need to borrow.

True (A) Signup and view all the answers

The Federal Student Aid website provides information about loans, grants, and scholarships.

True (A) Signup and view all the answers

Match the following recommendations with their purpose:

Finding a roommate or living at home = Cutting college expenses Buying used books = Cutting college expenses Finding a part-time job = Minimize the need to borrow Research and preparation = Making a wise investment Signup and view all the answers

Match the following resources with their descriptions:

College center on campus = Place to start investigation into the cost of different schools Federal Student Aid website = Provides information about loans, grants, and scholarships Part-time job = Way to minimize the need to borrow Used books = Way to cut college expenses Signup and view all the answers

Match the following actions with their benefits:

Making food at home = Cutting college expenses Finding a roommate = Cutting college expenses Finding a part-time job = Minimize the need to borrow Visiting the Federal Student Aid website = Getting information about loans, grants, and scholarships Signup and view all the answers