PFL-E Unit 5 Exam

Individuals with _______ education and/or training tend to earn larger incomes which may allow for increased saving and investment to build wealth.

• higher
• lower
• no
• minimal

Skills that are _______ common or in low demand tend to pay less than skills that are less common or in higher demand in the marketplace.

• more
• less
• not
• always

The relationship between education and training and earnings tends to be a _______ relationship.

• Negative
• Neutral
• Direct

• Indirect

The financial _______ of postsecondary education and training institutions continue to rise and may be a barrier to obtaining further education/training.

• costs
• animals
• buildings
• sports

In addition to the monetary cost of postsecondary education is the _______ cost of earning an income working full time immediately after high school.

• opportunity
• investment
• financial
• economic

Studies have shown that those with postsecondary education or training on average have _______ earnings over an individual’s lifetime versus an individual with little to no post high school education or training.

• Lower
• Equal
• Higher
• No difference

Grants and student loans are used to offset the immediate _______ of attending college.

• benefits
• challenges
• costs
• experiences

_______ tend to be based on financial need and eligibility may be determined by family income.

• Scholarships
• Student Loans
• Grants
• Work-Study Programs

_______ are generally merit-based, and eligibility may be determined by academic skills, personal skill, or other criteria.

• Scholarships
• Loans
• Savings
• Investments

The _______ is used by the federal government to determine how much financial aid is required for an individual applying to college.

• FAFSA
• SAT
• ACT
• GPA