Life After High School

The total estimated student loan debt outstanding (unpaid) is over:

• $1 trillion

• $10 thousand

• $7 trillion

• $1 billion

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

Which of the following are ways that you can invest in yourself?

• Find a mentor

• Surround yourself with people who have similar goals and ambitions as you

• read books

• all of the above

Which of the following statements is false?

• Millions of people can't afford to make their student loan payment every month

• Our culture accepts student loan debt as normal and sometime even refers to it as good debt.

• Debt is owing anything to anyone for any reason

• A student loan is an award

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.

• Scholarship are only for the highest academic achievers

You should visit your college's financial aid office if:

• Your parents' financial situation has changed

• You have any problems with the financial aid application process

• a medical situation has come up

• All of the above

Which of the following statements if false?

• On-campus jobs may pay you directly or pay toward your tuition bill

• Research shows that students who work up to 20 hours a week have the highest grade point averages

• Research shows that working more than 20 hours a week may affect your grades negatively

• Students rarely drop out of college due to financial trouble

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 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

Percentage of college students that graduate with student loans:

• 90%

• 66%

• 30%

• 25%