WorksheetsFoundations in Personal Finance Chapter 5
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which of the following is not a good option when it comes to paying for your education?
a)
Get a part-time job
b)
Fill out the FAFSA
c)
Ask your parents to take out a loan
d)
Plan ahead
2.
Which of the following are ways that you can invest in yourself?
a)
Find a mentor
b)
Surround yourself with people who have similar goals and ambitions as you
c)
Read books
d)
All of these
3.
Which of the following statements about college financial aid is false?
a)
Many businesses have scholarships for employees' children.
b)
Scholarships are only for the highest academic achievers.
c)
Grants are free money.
d)
The Free Application for Federal Student Aid (FAFSA) is the first step to receiving any kind of financial aid.
4.
Which of the following statements is false?
a)
Our culture accepts student loan debt as normal and sometimes even refers to it as good debt.
b)
Millions of people can't afford to make their student loan payment every month.
c)
A student loan is an award.
d)
Debt is owing anything to anyone for any reason.
5.
You should visit your college's financial aid office if:
a)
A medical situation has come up
b)
Your parents' financial situation has changed
c)
You have any problems with the financial aid application process
d)
All of these
6.
Which of the following statements is false?
a)
Students rarely drop out of college due to financial trouble.
b)
Research shows that working more than 20 hours a week may affect your grades negatively.
c)
Research shows that students who work up to 20 hours a week have the highest grade point averages.
d)
On-campus jobs may pay you directly or pay toward your tuition bill.
7.
Which of the following is not recommended when you are cash-flowing your college education?
a)
Make sure you have an emergency fund.
b)
Live on a zero-based budget.
c)
Work and save money over the summer months.
d)
Attend an out-of-state school.
8.
Which of the following statements is false?
a)
Students who are looking to learn specific skills can look into free or low-cost certifications found online, at community colleges, or through government-funded programs.
b)
On-the-job training often combines a professional trainer, hands-on activities and formal classroom training.
c)
All high-paying careers require a four-year college degree.
d)
An associate's degree is a two-year degree that can offer specialized training and a flexible schedule that allows you to work while you earn your degree.
9.
Which of the following could be a negative consequence of taking out student loans?
a)
Having to delay investing and saving for your future because of student loan payments
b)
Not having the freedom to be a stay-at-home parent because of student loan payments
c)
Not having flexibility in your career options because of student loan payments
d)
All of these
10.
A wise college plan does not include:
a)
Scoring well on the ACT or SAT
b)
Shopping around for the most appropriate, low-cost academic option for your career choice
c)
Finding the most expensive, prestigious college so that you can impress future employers
d)
Creating a budget and starting to save now
100 %
