Paying for Your Education Review

In Virginia the tuition amount for a resident and nonresident of the state for a public college is the same.

• True

• False

Generally, the cost for a year of college for a private school and a public school are practically the same.

• True

• False

Private student loans issued by banks usually charge lower interest rates and have more repayment options.

• True

• False

The government pays the interest in a subsidized loan.

• True

• False

If you drop below half-time enrollment in college, you must start repaying your students loans.

• True

• False

Generally, a private college costs more for an out-of-state resident.

• True

• False

It costs more for someone to attend a state/public college or university if they don't live in that state than it does for someone who lives in the state.

• True

• False

A Bachelor's degree usually takes

• 2 years beyond high school

• 4 years beyond high school

• 2 years beyond a Master's degree

• the longest amount of time with regard to education

Which of the following would not result in a person having to pay extra money for college.

• live at home while attending college

• moving from one college to another

• changing your major while in college

• all of the above would cause you to pay extra money to attend college

Which of the college options for a Bachelor's degree would cost the least if you did not receive any scholarships or tuition assistance?

• 4-year out of state public university

• private out of state college

• private in-state college

• 4-year in-state public university