6th grade PFL- College and Earning Levels

What is the first step you should consider to save for college?

• Taking out a loan

• Saving your own money

• Applying for scholarships

• Working a part-time job

What is FAFSA important for?

• Paying back student loans

• Applying for a part-time job

• Qualifying for a grant

• Saving money for college

Which of the following do you NOT have to pay back?

• Work-study earnings

• Grants

• Scholarships

• Student loans

What is the purpose of work-study programs?

• To apply for scholarships

• To qualify for student loans

• To pay for college expenses

• To gain professional experience

What is the main disadvantage of student loans?

• They cannot be used for living expenses

• They are difficult to obtain

• They have to be paid back with interest

• They are only for part-time students

How much more can you earn with a high school diploma compared to dropping out?

• $5,000 more per year

• $10,000 more per year

• $15,000 more per year

• $25,000 more per year

What is the annual income difference between a bachelor's degree and an associate's degree?

• $10,000

• $18,000

• $15,000

• $20,000

How much does a master's degree add to your annual income compared to a bachelor's degree?

• $20,000

• $15,000

• $5,000

• $10,000

What is the lifetime earning potential of someone with a doctorate?

• $3.375 million

• $2.5 million

• $4 million

• $1.6 million

Which degree leads to the highest annual income?

• Master's degree

• Professional degree

• Bachelor's degree

• Doctorate