Final Exam

Making the choice to spend money on post-secondary education pays off in the long run because:

• You or your parents can write it off your taxes.

• You can get grants and scholarships to pay for post-secondary education while you are there.

• The salary you will earn with a degree will pay back the cost of college over your career.

• There are less expensive options for obtaining a post-secondary education.

What are the benefits of attending a local community college?

• It is cheaper to earn an Associate’s degree at a community college and then transfer to a four-year college to finish.

• You can live at home and save dorm fees while earning an Associate’s degree.

• Choosing a local community college within closer driving range saves on transportation costs.

• All of the above.

Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. What is his best option for affording a Bachelor's Degree?

• He can enroll in a trade school and transfer his courses later.

• He can attend a specialized training program and transfer a couple of his courses.

• He can attend the local community college whose courses transfer to the public four-year college.

• None of these are correct.

Which is NOT considered an additional cost beyond tuition for higher education?

• Textbooks and supplies

• Academic counseling

• Room and board

• Transportation

Which of these additional costs will most likely be the most expensive?

• Textbooks and supplies

• Academic counseling

• Room and board

• Transportation

Preparing to pay for higher education can start in 9th grade or earlier by...

• applying for scholarships

• opening a 529 plan.

• taking out student loans.

• applying for grants.

Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?

• You can fill the form out online or on paper.

• The earliest you can submit your FAFSA is January 1st of each year.

• Each state may have a different deadline for state financial aid.

• You can fill out the FAFSA if you are an independent or a dependent.

Which of the following is true about the Free Application for Federal Student Aid (FAFSA)?

• The earliest you can submit your FAFSA is October 1st of each year.

• The form is available online or on paper.

• States may have different deadlines for applying for state aid.

• All of the above

Earning a degree can be expensive but which example shows why it might be worth it?

• Federal student loans are offered at low-interest rates which makes it more affordable.

• Expensive degrees guarantee a low paying job afterward.

• Individuals with a bachelor’s degree typically earn a higher annual salary than those without one.

• A high school diploma allows you earn money instead of going into debt.

Which of the following answers lists 4 year colleges from generally the least expensive to most expensive?

• a. In-state public university, private university, out-of-state public university.

• In-state public university, out-of-state public university, private university.

• Private university, in-state public university, out-of-state public university.

• Out-of-state public university, private university, in-state public university.