EverFi 6 Higher Education

Making the choice to spend money on post secondary education pays off in the long run because...

• The salary you will earn with your degree will pay back the cost of college

• You or your parents can write it off on your taxes

• This is false. Post secondary education never pays off.

• You will be more likely to win the lottery will a college degree

What are benefits of attending local community college?

• It is cheaper to earn an Associate's Degree and then transfer to a 4 year school

• You can live at home and save money on dorm fees

• It can save you on transportation costs if you live close to it

• All of the above

Which of these is most likely to be the MOST expensive?

• Transportation

• Textbooks

• Room and Board

• Academic Counseling

You can prepare to pay for higher education in 9th grade or even earlier by...

• opening a 529 Plan

• opening a 401k Account

• applying for scholarships

• taking out student loans

A 529 Plan can save you more money than a traditional savings account because...

• it is tax free

• it is given to you at a younger age

• the interest rates are higher

• it is linked to the stock market

What is the name of the free application to apply for financial aid?

• FAFSA

• FDIC

• FICO

• IRS

Earning a degree can be expensive but worth it because...

• you are more likely to earn more money with a bachelor's degree than those without one

• expensive degrees get you low paying jobs

• high school diploma earns you more money with no debt

• you have a lot of fun at college and make new friends

What correctly organizes the following types of 4 years colleges from MOST expensive to LEAST expensive?

• Private, Out of State Public, In State Public

• In State Public, Out of State Public, Private

• Out of State Public, In State Public, Private

• Out of State Public, Private, In State Public

What type of financial aid is free money, but is based on financial need only?

• Grants

• Scholarships

• Loans

• 529 Plans

All of the following are true about the FAFSA except...

• It allows you to be eligible for scholarships

• It allows you to get in early admission

• It allows you to be eligible for some grants

• It can help provide you with financial aid