Dave Ramsey Life After High School Quiz

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

• True

• False

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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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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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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The average repayment period for a student loan is:

• 15 years

• 5 years

• 20 years

• 10 years

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CCSS.HSS.IC.B.4

The Fourth Foundation is:

• Pay cash for your car

• Build wealth and give

• Build a $500 emergency fund

• Pay cash for college

Which of the following is NOT recommended when you are cash-flowing your college education?

• Live on a zero-based budget
• Attend an out-of-state school
• Work and save money over the summer months
• Make sure you have an emergency fund

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A person that starts his or her own business

• Entreprenuer

• Advisor

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CCSS.RI.11-12.5

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The total estimated student loan debt is over:

• $10 Thousand
• $1 Trillion
• $7 Trillion
• $1 Billion

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