Debt

Everything that's said on TV and by the media is true.

• True

• False

College students receive an average of four phone calls and five mailings each month encouraging them to:

• Get a job

• Go to graduate school

• Apply for credit cards

• Open a bank account

If you spread a myth long enough, what happens?

• Nothing; it is still a myth

• It becomes accepted as the truth

• It depends on where the myth is spread

• Nothing; myths aren't spread

Debt is a wise financial choice because of the rewards you get back.

• True

• False

You get a new way of doing things from

• Making the same mistakes over and over again

• Learning

• Someone else always telling you what to do

• Ignoring

Debt has been marketed to us for so long, most people struggle to imagine life without it.

• True

• False

You have to build credit to survive.

• True

• False

What myth do students believe about debt in college?

• That they can buy whatever they want while in college and can pay for it later.

• That they shouldn't buy anything in college and save all their money.

• That debt doesn't count before they turn 21.

• You can only collect debt from things like credit cards.

It's always better to just give family money rather than expect it back.

• True

• False

What percentage of millionaires started with nothing?

• 0%

• 80%

• 10%

• 25%