16 Questions
Which of the following is a key factor to consider before borrowing money for education?
The type of job you can get after school
Why are state and community colleges often considered a good value?
They are highly subsidized by the government
What are grants and scholarships?
Types of financial aid that are based on grades or achievements
Which of the following is true about student loans?
Student loans must be repaid even if it takes a lifetime.
What are some consequences of having student debt?
Many people struggle to make their monthly payments and delay major life decisions.
What percentage of college students take out student loans?
7 out of 10
Which of the following is NOT mentioned as a way to cut college expenses?
Eating out at restaurants
What is one benefit of finding a part-time job while attending school?
Reducing the need to borrow money
Where can students find information about the cost of different schools and financial resources?
College center on campus
Which government department created the Federal Student Aid website?
U.S. Department of Education
Living at home is a way to cut college expenses.
True
Finding a part-time job while attending school can minimize the need to borrow.
True
The Federal Student Aid website provides information about loans, grants, and scholarships.
True
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
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
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
Test your knowledge on student loans and learn smart strategies for investing in your education. Find out how much you know about borrowing money for college and vocational school, and discover tips for making informed decisions about student loans.
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