College/Career

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

Which of the formulas below correctly calculates net price?

• 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

The center of the Earth is hotter than its surface.

• True

• False

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

• Travel expenses

• Cell phone bill

• Tuition

• Food and entertainment

Which of the following ways to pay for college is MOST likely to be based on someone’s financial need?

• Direct PLUS Loans

• Grants

• Scholarships

• Federal Subsidized Loans

How much does it cost to file the FAFSA?

• It is free

• It is free the first time you file, but costs $9.99/year thereafter

• It is 2% of your total loan amount

• $50

1. In financial terms, when someone refers to the return on investment for a college education, the return refers to the _________________ and the investment is the _______________________.

• Increased earnings from attending college, time spent pursuing your degree

• Decreased earnings from attending college, stock market returns

• Increased earnings from attending college, cost of your education and the time spent pursuing your degree

24. Samantha is in the second semester of her freshman year and is revisiting her budget to see if there are any areas she can reduce spending in to save more money. Samantha lives on campus, has a roommate, is signed up for the basic meal plan, and lives about a 2 hour car ride away from her family.

Which of the following would be the most realistic option for Samantha to follow in her second semester to maximize her savings? 

• 1. Cut back on her meal plan so that she has only 14 meals per week, but dine out with friends 3x/week to make sure she has enough food.

• 1. Give her used car back to her family so that she doesn't have to pay $80/month for gas, $102/month for car insurance, and other auto and maintenance fees. Although it is less convenient, she can take public transportation whenever she wants to go home.

• 1. Put $5 from her work-study paycheck into a jar every week to build savings over time.

Who painted the Mona Lisa?

• Leonardo da Vinci

• Vincent van Gogh

• Salvador Dalí

• Michelangelo

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

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