Chapter 7 Lesson 1

What is the total amount of student loan debt in the U.S.?

• $1.7 trillion

• $1.2 trillion

• $2.5 trillion

• $3.0 trillion

What percentage of high school grads who go to college to earn a degree drop out before graduation?

• 20%

• 50%

• 30%

• 40%

What is the first step toward intentionality in planning for education?

• Maximize your investment

• Dream of the possibilities

• Consider the cost

• Explore your options

What is the best educational route to get to a desired career?

• All of the above

• Four-year degree

• Vocational training

• Two-year degree

What is the average difference in tuition and fees between four-year public colleges and four-year private colleges?

• $25,000

• $20,000

• $10,000

• $15,000

What does it mean to cash flow your education after high school?

• Taking out student loans

• None of the above

• Paying for education with credit

• Paying for education with cash, scholarships, and grants

What is an important factor in standing out for scholarship money?

• Academics only

• Extracurriculars only

• None of the above

• Both academics and extracurriculars

What is the main idea of the text?

• The importance of strategic planning for education

• The challenges of high school

• The realities of college life

• The benefits of student loans

What is the student loan crisis in the U.S.?

• $1.7 trillion in student loan debt

• 40% of high school grads drop out of college

• The impact of college on future goals

• The benefits of student loans

What is the impact of opportunity cost when considering the cost of college?

• It has no impact

• It is irrelevant

• It is important to understand the impact on future goals

• It only affects financial situation