Education Loans and ROI

Why do education loans have a higher Return on Investment (ROI)?

• Because you build skills and work experience that can be used for your future earning potential!

• Because education loans have lower interest rates than all other loans.

• Because education loans are always forgiven after graduation.

• Because education loans do not require any repayment.

What is the definition of 'Potential Earning Power'? Fill in the blank: Potential Earning Power is ________.

• the amount of money you may earn over time

• the amount of money you have saved

• the amount of money you owe to others

• the amount of money you spend each month

Usually, the greater the amount of education and training you receive, the greater the income you will earn over your lifetime.

• True

• False

Which of the following college majors is considered worth the money?

• Philosophy

• Engineering

• Art History

• Sociology

What do you need to apply for Federal student loans?

• FAFSA form

• Driver's license

• Social Security card

• Passport

Do you have to be a US citizen to fill out the FAFSA form?

• Yes

• No

The FAFSA form can be used to apply for which program?

• Federal Work Study program

• Health insurance

• Housing assistance

• Food stamps

Who can fill out the FAFSA form?

• Only the student

• Only the parent/guardian

• Either the student or the parent/guardian

• Only a school counselor

You should fill out the FAFSA form even if you don’t think you have financial need.

• True

• False

Where can the FAFSA form be completed online?

• fafsa.gov

• studentloans.com

• usagov.org

• collegeboard.com