Chapter 7 Dave Ramsey 2

A two-year degree with specialized training, a flexible schedule, and lower educational costs is called a(n) ___________.

• A. Community college degree

• B. Associate degree

• C. Bachelor's degree

• D. Graduate degree

Many service industries, including financial services, auto repair, electrical work, plumbing and health care, don't require four-year degrees.

• A. True

• B. False

The first decision you need to make in order to avoid going into debt with student loans is __________.

• A. Have a savings account

• B. Take debt off the table

• C. Find a good job

• D. Create a budget

The typical student loan payment is between $200 and $300 per __________.

• A. Month

• B. Day

• C. Year

• D. Semester

You should figure out what you're passionate about before going to school for a specific field of work.

• A. True

• B. False

FAFSA is the federal application required to _________.

• A. Receive financial aid

• B. Get a part-time job your first semester

• C. Do a work-study program

• D. Get into college

To stay extra focused on your debt-free degree goal, you will need to avoid __________.

• A. The FAFSA

• B. A college degree

• C. All types of financial aid

• D. Student loans

You can save thousands of dollars by spending the first _________ at a(n) _____________.

• A. Two years; name-brand school

• B. Part of your tuition; traditional four-year school

• C. Two years; local community college

• D. Year; out-of-state school

In-state college tuition is almost always a cheaper option than out-of-state colleges.

• A. True

• B. False

Dropping out of college means you don't have to pay your student loans.

• A. True

• B. False