Education Loans and ROI

Education Loans and ROI

10th Grade

57 Qs

quiz-placeholder

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Education Loans and ROI

Education Loans and ROI

Assessment

Quiz

Other

10th Grade

Practice Problem

Medium

Created by

Lori Conte

Used 1+ times

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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

Philosophy

Engineering

Art History

Sociology

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you need to apply for Federal student loans?

FAFSA form

Driver's license

Social Security card

Passport

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Yes

No

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Federal Work Study program

Health insurance

Housing assistance

Food stamps

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