FD Chapter 5

Which of the following statements is false?

• On-the-job training often combines a professional trainer, hands -on activities and formal classroom training.

• Students who are looking to learn specific skills can look into free or low -cost certifications found online, at community colleges, or through government-funded programs.

• An associate’s degree is a two-year degree that can offer specialized training and a flexible schedule that allows you to work while you earn your degree.

• All high-paying careers require a four-year college degree.

Which of the following statements about college financial aid is false?

• Many businesses have scholarships for employeesʹ children.

• Grants are free money.

• The Free Application for Federal Student Aid (FAFSA) is the first step to receiving any kind of financial aid.

• Scholarships are only for the highest academic achievers.

You’ll only need to complete the FAFSA once during your college education.

• True

• False

A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements

• Grant

• Scholarship

When shopping for the best education option, you should narrow down your choice of colleges to 10 schools or less.

• True

• False

You must shop for the best price for your education in the same way you comparison shop for any large purchase.

• True

• False

1. The Fourth Foundation is:

• Pay cash for your car

• Pay cash for college

• Build wealth and give

• Build a $500 emergency fund

1. Percentage of college students that graduate with student loans:

• 90%

• 66%

• 30%

• 25%

The academic and financial choices you make in the next few years will affect the next 40 years of your life.

• True

• False

The best quality colleges are always the most expensive.

• True

• False