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WorksheetsUnit 2 Test - Life After High School
Total questions: 31
Worksheet time: 1hrs 2mins
Name
Class
Date
1.
You must attend a prestigious (expensive) college or university in order for employers to recognize your talents and strengths.
a)
True
b)
False
2.
Which of the following statements if false?
a)
On-campus jobs may pay you directly or pay toward your tuition bill.
b)
Research shows that students who work up to 20 hours a week have the highest grade point averages.
c)
Research shows that working more than 20 hours a week may affect your grades negatively.
d)
Students rarely drop out of college due to financial trouble.
3.
Which of the following is a benefit of going to college and obtaining a degree?
a)
A higher credit score
b)
Higher potential earnings
c)
A nicer home
d)
Increased amount of debt
4.
Which of these is a way to pay for college rather than an expense of attending college?
a)
Grants
b)
Tuition
c)
Room & Board
d)
Books & Supplies
5.
Which of the following could be a negative consequence of taking out student loans?
a)
Not having the freedom to be a stay-at-home parent because of student loan payments.
b)
Having to delay investing and saving for your future because of student loan payments.
c)
Not having flexibility in your career options because of student loan payments.
d)
All of the above.
6.
A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements.
a)
Scholarship
b)
Gift
c)
Loan
d)
All of the above
7.
A two-year degree is called a(n) (a) degree?
8.
Scholarships are a great way to minimize the large expense of college. Which statement best describes a scholarship?
a)
A scholarship is a loan of money that must be paid back before graduating college.
b)
A scholarship is a loan of money that must be paid back after graduating college.
c)
A scholarship is free money that you must qualify for but do not need to pay back.
d)
A scholarship is free money given to every student who decides to attend college.
9.
Tatiana was offered a large amount of "gift aid" from one of the colleges to which she applied. What is gift aid?
a)
Gift aid is money that is loaned to you to attend college that you will eventually have to pay back.
b)
Gift aid is money that you work for while in college or career school.
c)
Gift aid is free money that you don’t have to pay back, and it reduces the total price you’ll pay for college.
d)
Gift aid is a type of loan that needs to be paid back on an annual basis.
10.
Which college payment option is considered "gift aid"?
a)
Federal student loans
b)
Private student loans
c)
Savings
d)
Scholarships
11.
Which type of financial aid must be paid back with interest?
a)
Scholarship
b)
Grant
c)
Loan
d)
Work Study
12.
What’s the best advice on how much money to borrow in student loans?
a)
Borrow less than you need, and just hope they don’t kick you out before graduation
b)
Borrow only what you need for college costs and basic needs
c)
Borrow the maximum amount so you have a fun, exciting time during college
d)
Under no circumstance should you ever borrow money for college
13.
Damica wants to attend a college with a sticker price of $45,000. She qualifies for $13,000 in gift aid. What will Damica's net price be?
a)
$58,000
b)
$45,000
c)
$32,000
d)
$13,000
14.
Which of the following statements is false?
a)
All high-paying careers require a four-year college degree.
b)
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.
c)
On-the-job training often combines a professional trainer, hands -on activities and formal classroom training.
d)
An associateʹs 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.
15.
Why might someone consider an alternative to going to a 4-year college or university?
a)
It's cheaper
b)
The want to travel
c)
The job needs a four year degree or certification
d)
They are crazy
16.
Violet wants to attend a college that has a sticker price of $21,600. The college has given her gift aid of $9,800 and she received a $2,000 local scholarship. How much money does Violet and her family need to pay for her to attend this college?
a)
$33,400
b)
$13,800
c)
$9,800
d)
$2,000
17.
All of the following are alternatives to attending a 4-year college except...
a)
Joining the workforce
b)
Obtaining a Bachelor's degree
c)
Attending a trade school
d)
Enlisting in the military
18.
Celia does not think she wants to attend college after high school. What is one advantage of choosing something OTHER than a 4-year college?
a)
She can enter the workforce and start earning money sooner than those obtaining a college degree.
b)
She may not earn as much money over her lifetime compared to those with a college degree.
c)
She will likely have a higher amount of debt compared to those with a college degree.
d)
She will likely spend more time searching for a job and therefore, be able to live with her parents longer.
19.
Melora is researching careers and is confused on the difference between the STARTING salary and MEDIAN salary for each career choice. Select the answer that defines them correctly.
a)
Starting salary is the amount you will make in the first year of your new profession. Median salary is the middle of the pay scale for that profession.
b)
Starting salary is the middle of the pay scale for that profession. Median salary is the amount you will make in the first year of your new profession.
c)
Starting salary and median salary are defined the same, which is the middle of the pay scale for that profession.
d)
Starting salary and median salary are defined the same, which is the amount you will make in the first year of your new profession.
20.
Tivona is researching careers and trying to decide which one would be the best fit for her. Which is a main question she should ask herself to improve her chances of loving her career?
a)
Does anyone else in my family have this career?
b)
Do my friends like this career choice?
c)
Am I passionate about this type of work?
d)
Will this career make me famous?
21.
What is a career path?
a)
The many different ways to get the career you want.
b)
There is none.
c)
A path to walk down.
d)
A career with no future.
22.
Which of the following are some ways you can invest in yourself and prepare for life after high school?
a)
Read books
b)
Find a mentor
c)
Surround yourself with people who have similar goals and ambitions
d)
All of the above
23.
What is typically the largest expense in the average person's budget?
a)
Transportation
b)
Food
c)
Education
d)
Housing
24.
What is the purpose of a budget?
a)
A budget is a tool to help manage the money in your bank account.
b)
A budget is a spending plan of your income and expenses.
c)
A budget is a portfolio of investments that grow over time.
d)
A budget is a tool to help build your credit score.
25.
Which of the following is NOT a good option when it comes to paying for your education?
a)
Ask you parents to take out a loan
b)
Get a part-time job
c)
Fill out the FAFSA
d)
Plan ahead
26.
The academic and financial choices you make in the next few years will affect the next 40 years of you life.
a)
True
b)
False
27.
You must shop for the best price for your education in the same way you comparison shop for any large purchase.
a)
True
b)
False
28.
Which of the following could be a negative consequence of taking out student loans?
a)
Not having flexibility in your career options because of student loan payments.
b)
Not having the freedom to be a stay-at-home parent because of student loan payments.
c)
Having to delay investing and saving for your future because of student loan payments.
d)
All of the above.
29.
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 payments every month.
c)
A student loan is an award.
d)
Debt is owning anything to anyone for any reason.
30.
A program that allows student to work part-time while continuing their studies is called?
(a)
31.
What is debt?
a)
Specifically owing the bank money.
b)
Only owing your friend money.
c)
Owing anything to anyone for any reason.
d)
Paying yourself.
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