Dave Ramsey Life After High School Flashcard
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+10
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a potential negative consequence of taking out student loans?
Back
Accumulating debt that may be difficult to repay, affecting credit scores and financial stability.
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
2.
FLASHCARD QUESTION
Front
Define debt in the context of personal finance.
Back
Debt is owing anything to anyone for any reason, which can include loans, credit card balances, and other financial obligations.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
3.
FLASHCARD QUESTION
Front
Does bankruptcy erase student loan debt?
Back
No, bankruptcy does not typically erase student loan debt.
4.
FLASHCARD QUESTION
Front
How does our culture view student loan debt?
Back
Our culture often views student loan debt as normal and an acceptable way to finance college education.
5.
FLASHCARD QUESTION
Front
What does 'pay as you go' mean in financial terms?
Back
'Pay as you go' refers to using cash-flow to pay for expenses as they arise, rather than relying on credit or loans.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
6.
FLASHCARD QUESTION
Front
What are some common types of student loans?
Back
Federal loans, private loans, subsidized loans, and unsubsidized loans.
7.
FLASHCARD QUESTION
Front
What is the difference between subsidized and unsubsidized student loans?
Back
Subsidized loans do not accrue interest while the borrower is in school, while unsubsidized loans do.
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