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Financing Education Final Quiz

Authored by Aaron Antram

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11 Questions

Used 4+ times

Financing Education Final Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE about the value of a college degree?

A high school graduate can expect to earn about the same as a college graduate
Every college graduate can expect to have a starting salary over $60,000 right after college
A college graduate can expect to earn, on average, more than a high school graduate over a career
A college graduate typically earns less than someone with a high school diploma for the first 10 years

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?

Private loans, Federal loans, Work-study, Grants/Scholarships
Grants/Scholarships, Work-study, Federal loans, Private loans
Work-study, Grants/Scholarships, Federal loans, Private loans
Federal loans, Grants/Scholarships, Work-study, Private loans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order to qualify for financial aid, which application must you submit?

FAFSA
PLUS
SAVE
SAI

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the formulas below correctly calculates the net price for attending college?

Sticker price - student loans = net price
Grants and scholarships + student loans = net price
Sticker price - grants and scholarships = net price
Sticker price + grants and scholarships = net price

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a direct cost of attendance?

Travel expenses
Cell phone bill
Tuition
Food and entertainment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What types of money are used in paying for college and in what order should you use them?

Your money, borrowed money, free money
Borrowed money, your money, free money
Your money, free money, borrowed money
Free money, your money, borrowed money

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following factors are typically considered by colleges when reviewing applications? Check all that apply.

Involvement in school or community activities.
The rigor of the courses you have taken in high school.
High GPA and academic performance
Personal essays and letters of recommendation
Social media popularity/Number of followers

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