Personal Finance Chapter 5

Our culture thinks student loan debt is normal and that it's an acceptable way to pay for college.

• True
• False

The total estimated student loan debt outstanding (unpaid) is over

• 1 billion
• 1 trillion
• 1 thousand
• 1 hundred

Serving your country and getting your college paid for

• university
• trade school
• start a business
• military

How can you create cash-flow for your college education?

• plan ahead
• get good grades
• shop around
• all of the above

Percentage of college students that graduate with student loans:

• 90%
• 66%
• 30%
• 25%

A person that starts his or her own business:

• business starter
• entrepreneur
• advisor
• businessperson

An associateʹs degree usually takes:

• 1 year
• 2 years
• 3 years
• 4 years

You must go to a prestigious school in order for employers to recognize your talents and strengths.

• True
• False

How often will you need to complete the FAFSA during your college education?

• every year
• whenever I feel like it
• every semester
• never

The average millionaire reads one nonfiction book a month.

• True
• False