Mid-term Review Part 2

The more education and training a person has, the more money they are expected to earn during their lifetime.

• True

• False

You can increase your human capital by getting

• training

• education

• experience

• all the answers are correct

Which is not a reason to develop your career?

• flexibility in job choices

• enhance your well-being

• more job choices

• higher unemployment

Generally, the cost of 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 on a subsidized loan.

• True

• False

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

• True

• False

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

• 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 a Master's Degree

• 4 years beyond high school

• 2 years beyond high school

• the longest amount of time with regard to higher education