Personal Finance Dave Ramsey Chapter 5

Usually a professional trainer serves as the course instructor and uses a combination of hands-on activities and formal classroom training

• Associate's Degree

• On-the-job-training

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

• 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

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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

Which of the following is NOT a good option when it comes to paying for your education?

• Plan ahead

• Fill out the FAFSA

• Ask your parents to take out a loan

• Get a part-time job

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

• True

• False

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CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

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

• True

• False

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CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.8.5

CCSS.RI.9-10.5

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

• Many businesses have scholarships for employees' 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.

Allows students to learn basic professional skills in two years or less; typically cut out many of the general courses required by traditional universities

• Trade school

• Self-education

A four-year degree is necessary regardless of which career you're entering.

• True

• False

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CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

Which of the following could be a negative consequence of taking out student loans?

• Not having the freedom to be a stay-at-home parent because of student loan payments.

• Having to delay investing and saving for your future because of student loan payments.

• Not having flexibility in your career options because of student loan payments.

• All of the above.

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1