Student Loan Savvy
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Questions and Answers

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?

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

What are some consequences of having student debt?

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

What percentage of college students take out student loans?

<p>7 out of 10 (D)</p> Signup and view all the answers

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

<p>Eating out at restaurants (B)</p> Signup and view all the answers

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

<p>Reducing the need to borrow money (D)</p> Signup and view all the answers

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

<p>College center on campus (A)</p> Signup and view all the answers

Which government department created the Federal Student Aid website?

<p>U.S. Department of Education (B)</p> Signup and view all the answers

Living at home is a way to cut college expenses.

<p>True (A)</p> Signup and view all the answers

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

<p>True (A)</p> Signup and view all the answers

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

<p>True (A)</p> Signup and view all the answers

Match the following recommendations with their purpose:

<p>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</p> Signup and view all the answers

Match the following resources with their descriptions:

<p>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</p> Signup and view all the answers

Match the following actions with their benefits:

<p>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</p> Signup and view all the answers

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