Dave Ramsey Life After High School Test

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What does FAFSA stand for?

Back

FAFSA stands for Free Application for Federal Student Aid, a form completed by current and prospective college students to determine their eligibility for financial aid.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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What are potential negative consequences of taking out student loans?

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Potential negative consequences include: 1) Not having the freedom to be a stay-at-home parent because of student loan payments. 2) Having to delay investing and saving for your future because of student loan payments. 3) Not having flexibility in your career options because of student loan payments.

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Why is it important to work with an advisor when attending community college?

Back

It is important to work with an advisor to ensure that the classes taken will transfer to the four-year school of choice.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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What is an entrepreneur?

Back

An entrepreneur is a person who starts his or her own business.

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CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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Do you need to attend a prestigious school for employers to recognize your talents?

Back

False. Employers can recognize talents and strengths regardless of the prestige of the school attended.

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What is the purpose of financial aid?

Back

The purpose of financial aid is to help students cover the costs of their education, including tuition, fees, and living expenses.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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What is the difference between grants and loans?

Back

Grants are funds that do not need to be repaid, while loans are borrowed money that must be repaid with interest.

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What is a scholarship?

Back

A scholarship is a form of financial aid awarded to students based on various criteria, often academic or extracurricular achievements, that does not need to be repaid.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

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What is the significance of a college advisor?

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A college advisor helps students navigate their educational paths, ensuring they meet requirements for graduation and transfer.

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CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

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What is the impact of student debt on future financial decisions?

Back

Student debt can limit future financial decisions, such as buying a home, saving for retirement, or starting a business.