Personal Finance Dave Ramsey Chapter 7 College Planning #2

Front

Jackson, Scarlett, and James are discussing whether they need to attend a prestigious school for employers to recognize their talents and strengths. What is your opinion on this?

Back

False

Front

Luna, Kai, and Anika are discussing ways to pay for their education. Which of the following is NOT a good option they should consider? Plan ahead, Fill out the FAFSA, Ask their parents to take out a loan, Get a part-time job

Back

Ask their parents to take out a loan

Front

David, Olivia, and Evelyn are discussing their academic and financial choices for college. They realize that the decisions they make now will affect the next 40 years of their lives.

Back

True

Front

Kai, Priya, and Samuel are planning to pursue higher education. They decide to compare the tuition fees and other expenses of different colleges before making a decision. Is this a good approach?

Back

True

Front

Luna, Ava, and Rohan are discussing the potential negative consequences of taking out student loans. Which of the following scenarios could be a negative consequence? Not having the freedom to be a stay-at-home parent because of student loan payments. Having to delay investing and saving for their future because of student loan payments. Not having flexibility in their career options because of student loan payments.

Back

All of the above.

Front

On average, how long will it take for Ava, Charlotte, and Elijah to repay their student loans?

Back

20 years

Front

Anika is planning to follow the Fourth Foundation. What should she do? Options: Pay cash for her car, Build wealth and give, Build a $500 emergency fund, Pay cash for her college

Back

Pay cash for her college

Front

Avery, Liam, and Michael are discussing ways to manage their finances while attending college. Which of the following strategies is NOT recommended for cash-flowing their college education? Live on a zero-based budget, Attend an out-of-state school, Work and save money over the summer months, Make sure you have an emergency fund

Back

Attend an out-of-state school

Front

Sophia wants to start her own business. What is she considered as?

Back

Entreprenuer

Front

Emma, Zoe, and Abigail are discussing the total estimated student loan debt in the United States. They are trying to figure out if it is over: $10 Thousand, $1 Trillion, $7 Trillion, $1 Billion

Back

$1 Trillion