WorksheetsCollege and Careers TH - Spring 2026
Total questions: 58
Worksheet time: 29mins
Name
Class
Date
1.
Which of these do you need before buying a house?
a)
Credit score of at least 760
b)
Credit score of at least 620
c)
Neither of these - credit scores don't matter when buying a house.
2.
If you follow the _____ repayment plan, you will pay the least amount of interest.
a)
Standard
b)
Graduated
c)
Extended
3.
Which of these do you need before renting an apartment?
a)
Credit score of at least 760
b)
Credit score of at least 620
c)
Neither of these - credit scores don't matter when buying a house.
4.
The income lost by going to college, instead of working is called :
a)
Opportunity Cost
b)
Tuition
c)
Room
d)
Board
e)
Books
5.
The cost of taking college classes is usually charged by credit hour, and is called:
a)
Opportunity Cost
b)
Tuition
c)
Room
d)
Board
e)
Books
6.
The cost of housing while going to college is called:
a)
Opportunity Cost
b)
Tuition
c)
Room
d)
Board
e)
Books
7.
The cost of food while going to college is called:
a)
Opportunity Cost
b)
Tuition
c)
Room
d)
Board
e)
Books
8.
The cost of materials you need for college is called:
a)
Opportunity Cost
b)
Tuition
c)
Room
d)
Board
e)
Books
9.
Which TWO of these do you add together to get the "Investment" that you will make if you go to college:
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
The salary you will earn the first year aftere earning your college degree
10.
Which TWO of these do you subtract from each other to get the "Return" that you will make if you go to college:
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
Student loan debt
11.
Tuition, Room, Board, and Books are all part of the:
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
Student loan debt
12.
To calculate your "Return", start with ____ and subtract what you could have earned if you did not earn a college degree.
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
Student loan debt
13.
When you graduate from college, your student loans should not be more than 100 % of your _______ .
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
Starting salary that you will earn the first year after earning your college degree
14.
To calculate your "Return", start with Average lifetime earnings for graduates with your degree and subtract ____ .
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings for graduates with your degree
d)
Average lifetime earnings for high school graduates
e)
Student loan debt
15.
To calculate your ROI for going to college, you need to include all of these EXCEPT :
a)
Cost of attendance
b)
Opportunity cost
c)
Average lifetime earnings with the degree you will earn
d)
Average lifetime earnings of someone with only a high school degree
e)
Student loan debt
16.
Theoretically, you should include Room or Board in your ROI calculation:
a)
Only if your alternative to college is living at home for free
b)
Only if your alternative to college is paying for food and an apartment on your own
c)
Always include Room and Board in your ROI
d)
Never include Room and Board in your ROI
17.
Which of these statements about two-year colleges is true?
a)
If you start at a two-year college, your degree from the four year university won't even mention the two-year college.
b)
You can start at two-year college and then switch to a four-year universtiy.
c)
Two-year colleges can save you a lot of money
d)
All of these are true
18.
Your student loans when you graduate should be ____ of your starting salary, or less.
a)
100 %
b)
30 %
c)
15
d)
140
e)
25 %
19.
If you plan on getting a four-year degree, your student loans after your first year in college should be ____ of your starting salary, or less.
a)
100 %
b)
30 %
c)
15
d)
140
e)
25 %
20.
Your monthly rent should be ____ of your monthly net income, or less.
a)
100 %
b)
30 %
c)
15
d)
140
21.
Which of these is a true statement about credit hours in college:
a)
To graduate on time, you need to take 15 hours per semester
b)
If you take 15 credit hours per semester, each week you will spend 15 hours in the classroom
c)
Both of these are true
d)
Neither of these are true
22.
Which of these is the equation for ROI:
a)
(R - I / I) * 100 %
b)
(R + I / I) * 100 %
c)
(I - R/R) * 100 %
d)
(I + R/R) * 100 %
e)
None of these
23.
Which of these student loans don't accrue interest while you are in school:
a)
Parent PLUS
b)
Subsidized
c)
Unsubsidized
d)
Private
24.
Subsidized loans are available for:
a)
Students studying for their undergraduate degree (bachelor's degree)
b)
Students studying for their graduate degree (masters, doctorate)
c)
Both of these
d)
Neither of these
25.
Which of these statements about the relationship between salaries and happiness are NOT true?
a)
The more you make the happier you are.
b)
Most people are happier if their salary is enough for them to afford a place to live and food to eat.
c)
Happiness increases as you earn more money, but that tops out at around $75K.
d)
All of these statements are true.
e)
None of these statements are true.
26.
Which of these statements about "golden handcuffs" is NOT true:
a)
It describes people who hate their jobs, even though the job pays them a high salary
b)
It describes people who are stuck in a high paying job that they don't like
c)
It describes people that think they need to keep earning a high salary because they bought an expensive car
d)
It describes people that think they need to keep earning a high salary because they bought an expensive house
e)
It describes people that earn low salaries because they are more motivated by doing the right thing than buy making a higher salary
27.
Which of these do the experts say matter more than the number on your paycheck:
a)
Your connections with your co-workers
b)
The connections between your job and your community
c)
Gratitude that people show for your work
d)
None of these
e)
All of these
28.
For most people, the biggest cost of going to college is:
a)
Tuition
b)
Room and Board
c)
Interst on Student Loans
d)
None of these
29.
Which of these should you consider when deciding whether to go to college:
a)
The out of pocket cost
b)
The opportunity cost
c)
Whether you are motivated enough to finish college with good grades
d)
All of these
30.
Which of these is NOT an advantage of going to work instead of going to college:
a)
You can start making money right away.
b)
You get real-life work skills
c)
It can help you discovery what you are passionate about
d)
Some jobs that don't require a college degree can end up in a dead-end career.
31.
If you take an extra two years to graduate, you will have higher:
a)
Cost of Attendance
b)
Opportunity Cost
c)
Both of these
d)
Neither of these
32.
Typically, parents should:
a)
prioritize investing for retirement over paying for their kids’ college
b)
prioritize paying for their kids’ college over investing for retirement
33.
Which is better:
a)
Private student loans
b)
Federal student loans
34.
What is the maximum amount of federal student loans that you can borrow as a freshman in college?
a)
$5,500
b)
$6,500
c)
$7,500
d)
$27,000
35.
What is the maximum amount of federal student loans that you can borrow as a sophomore in college?
a)
$5,500
b)
$6,500
c)
$7,500
d)
$27,000
36.
What is the maximum amount of federal student loans that you can borrow as a junior in college?
a)
$5,500
b)
$6,500
c)
$7,500
d)
$27,000
37.
What is the maximum amount of federal student loans that you can borrow as a senior in college?
a)
$5,500
b)
$6,500
c)
$7,500
d)
$27,000
38.
What is the total amount of federal student loans that you can borrow as a college undergraduate?
a)
$5,500
b)
$6,500
c)
$7,500
d)
$27,000
39.
A general rule of thumb for borrowing is that a college graduate should not take on more debt than ____ % of their anticipated starting salary for their expected career.
a)
25
b)
60
c)
75
d)
100
40.
The average total student loan debt-to-income ratio (DTI) for a new graduate is about ____ %.
a)
25
b)
60
c)
75
d)
100
41.
Spring break events are ______.
a)
a luxury
b)
a necessity
42.
As the age of students increases, the percentage of students who work:
a)
Goes up
b)
Goes Down
c)
Stays the same
43.
Full time students who work 20 or fewer hours:
a)
Get better grades
b)
Take more hours
c)
Get worse grades
d)
Take fewer hours
44.
Full time students who work more than 20 hours:
a)
Get better grades
b)
Take more hours
c)
Get worse grades
45.
Which of these is NOT a true statement about the Graduated Repayment Plan:
a)
You will pay more interest than under the standard plan
b)
In your first few years, your monthly payments will be more than under the standard plan
c)
In your first few years, your monthly payments will be less than under the standard plan
d)
You will be paying longer than under the standard plan
46.
Which of the following is NOT considered a "soft skill?"
a)
Communication
b)
Collaboration
c)
Coding
d)
Creative Thinking
47.
The purpose of an elevator pitch is to…
a)
Pass the time on an elevator
b)
Leave a positive first impression
c)
Get a job
d)
Ask questions to find out about a company
48.
Americans owe more in student loans than which TWO of these:
a)
Home loans
b)
Car loans
c)
Credit card loans
d)
The national debt
49.
Which statement about the cost of education is true:
a)
It is rising twice as fast as the general inflation rate.
b)
It is rising half as fast as the general inflation rate.
c)
It is rising at the same rate as the general inflation rate.
d)
None of these. The cost of college is going down because online classes are cheaper.
50.
What is the meaning of “unemployment rate”?
a)
The total number of unemployed adults in the United States
b)
The percentage of adults not working but actively seeking a job
c)
The percentage of people who have jobs
d)
The percentage of people who are retired
51.
Economists pay close attention to the unemployment rate because:
a)
when less people work, the country produces less
b)
when less people work, the country produces more
c)
when less people work, the country produces the same amount
d)
when people work less, they get paid more
52.
During most economic downturns, the unemployment rate for people with a college degree is _____ as people who have only a high school diploma.
a)
about the same
b)
about two times more
c)
about two times less
53.
Which of these increases as the level of education increases?
a)
Income
b)
Employment rates
c)
Both of these
d)
Neither of these
54.
Why is education considered to have the potential to "save your job"?
a)
It reduces the need for specific skill sets
b)
It lowers the minimum wage requirements
c)
It correlates with higher earnings and job security
d)
It decreases the overall supply of workers
55.
The average college graduate makes ____, compared to the average worker who only has a high school diploma.
a)
$30,000 more each year
b)
75% more each year
c)
All of these
d)
about $1 million dollars more over their lifetime
56.
Which of these is NOT a true statement about people who graduate college:
a)
They don't lead happy lives, because they are scarred by the stresses of college.
b)
They have more healthy lives.
c)
They have more stable marriages.
d)
They live longer.
e)
They make more money.
57.
Which of these is the best source for borrowing money for college:
a)
Loans from the federal government
b)
Private student loans
c)
None of these - you should never borrow money for college.
58.
Which of these normally pay more than a job that only requires a high school diploma:
a)
Nurses
b)
Electricians
c)
Mechanics
d)
Medical or dental assitants
e)
All of these
100 %
