EverFi Financial Literacy Lesson 6: Financing Higher Ed.

Front

Making the choice to spend money on post secondary education pays off in the long run because:

Back

The salary you will earn with a degree will pay back the cost of college over your career.

Front

Dimitri’s counselor told him that post secondary education can be expensive but can pay off in the long run, what does that mean?

Back

The salary you will earn with a degree will pay back the cost of college over your career.

Front

It does not make sense to avoid post secondary education because of its cost since in the long run:

Back

The salary you will earn with a degree will pay back the cost of college over your career

Front

What are the benefits of attending a local community college?

Back

It is cheaper to earn an Associate’s degree at a community college and then transfer to a four-year college to finish. You can live at home and save dorm fees while earning an Associate’s degree. Choosing a local community college within closer driving range saves on transportation costs.

Front

Cutting down on costs by earning an Associate’s degree first and then transferring to a four-year college or university can be done by going to what type of higher education institution?

Back

A local community college.

Front

Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. What is his best option for affording a Bachelor's Degree? Options: He can enroll in a trade school and transfer his courses later. He can attend a specialized training program and transfer a couple of his courses. He can attend the local community college whose courses transfer to the public four-year college. None of these are correct.

Back

He can attend the local community college whose courses transfer to the public four-year college.

Front

Which is NOT considered an additional cost beyond tuition for higher education? Textbooks and supplies, Room and board, Transportation

Back

Academic counseling

Front

Textbooks, transportation and room and board are all...

Back

additional costs for attending a college or university.

Front

Which of these additional costs will most likely be the most expensive? Textbooks and supplies, Academic counseling, Room and board, Transportation

Back

Room and board

Front

Preparing to pay for higher education can start in 9th grade or earlier by...

Back

opening a 529 plan.