Explained: student loans

How do people typically pay for college?

• Get their parents to pay

• Sell their liver in order to collect funds

• Take out a loan

• They don't go

True or false: student loans are always the recipe for a bright future that is both financially sound and free of debt.

• True

• False

How much is the total amount of US student debt?

• 1.7 billion

• 1.7 million

• 1.7 trillion

True or false: American student debt is higher than automobile debt, but not as high as credit card debt.

• True

• False

What indicated that the US needed to place more importance on scientific education?

• Their failure at winning the space race

• Their failure at developing the first nuclear bomb

• Their failure at beating the Russians in a slapping contest

• Their failure at finding Edward Snowden

True or false: In the US state universities cost more because they are more prestigious and of higher quality.

• True

• False

What created a low interest loan program in the United States accessible to everybody?

• 1965 University Act

• 1965 Welfare State

• 1965 Higher Education Act

True or false: A highly educated population benefits everyone

• True

• False

Which of the following is not a result of a higher educated population:

• less crime

• less illness

• lower welfare enrolment

• higher employment

The average cost of public university in the US has

• stayed the same

• been cut in half

• doubled

• tripled