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.

Which of the following statements is false ?

All high-paying careers require a four-year college degree.

On-the-job training often combines a professional trainer, hands-on-activities and formal classroom training.

Students who are looking to learn specific skills can look into free or low-cost certifications found online, at community colleges, or through government-funded programs.

An associate's degree is a two-year degree that can offer specialized training and a flexible schedule that allows you to work while you earn your degree.

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

Which of the following statements is false ?

Students rarely drop out of college due to financial trouble.

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.

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

Work and save money over the summer months

Make sure you have an emergency fund

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

Surround yourself with people who have similar goals and ambitions

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 sometimes even refers to it as good debt.

Debt is owning anything to anyone for any reason.

Which of the following is NOT one of the basics of budgeting?

Stick to your budget unless something unexpected happens

A wise college plan does NOT include:

Finding the most expensive, prestigious college so that you can impress future employers

Creating a budget and starting to save now

Shopping around for the most appropriate, low-cost academic option for your career choice

What are two things you should consider when deciding what career would be good for you?

The amount of education you will need?

Will I be cool if I work there.

Which places can you look for financial aid? Choose all that apply.

apply for scholarships from colleges

apply for scholarships from community organizations

Horlback_ Dave Ramsey Chapter 7 Post-Test College Planning Review

Authored by Karen Smalls-Horlback

Social Studies, Other

12th Grade

CCSS covered

Used 58+ times

Horlback_ Dave Ramsey Chapter 7 Post-Test College Planning Review

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This quiz comprehensively covers college planning and financial literacy for high school seniors, focusing on the practical aspects of post-secondary education decisions and financial responsibility. The content addresses critical concepts including various educational pathways (four-year colleges, community colleges, trade schools, certifications, and self-education), financial aid mechanisms (grants, scholarships, loans, work-study programs), and Dave Ramsey's financial principles including his Fourth Foundation of paying cash for college. Students need to understand the long-term financial implications of educational choices, demonstrate knowledge of the FAFSA process and financial aid terminology, and evaluate different funding strategies while recognizing the dangers of excessive student loan debt. The material requires grade 12-level critical thinking skills to analyze cost-benefit relationships, compare educational options, and make informed decisions about career preparation and financial planning. Created by Karen Smalls-Horlback, a Social Studies teacher in the US who teaches grade 12. This comprehensive post-test serves as an excellent summative assessment tool for students completing a personal finance unit focused on college planning and financial decision-making. Teachers can use this quiz to evaluate student mastery of essential life skills before graduation, ensuring students understand both the educational landscape and financial literacy concepts that will impact their immediate post-graduation choices. The quiz works effectively for final review sessions, homework assignments, or formative assessment to identify areas where students need additional support before making real-world college and career decisions. The content aligns with personal financial literacy standards and college and career readiness frameworks, particularly those addressing post-secondary planning, financial decision-making, and understanding of debt and credit concepts that are essential for successful transition to adulthood.

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48 questions

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MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

True

False

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

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

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

True

False

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

True

False

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.

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Horlback_ Dave Ramsey Chapter 7 Post-Test College Planning Review

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

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

A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements

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

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

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

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

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

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

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

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