Duplicate of Dave Ramsey Chapter 5

Which of the following is not a good option when it comes to paying for your education?

Which of the following is not one of the basics of budgeting?

A student loan is an award.

May be free or low-cost; found online, at community colleges, or through govt-funded programs

Academic & fin. choices you make in the next few years will affect the next 40 yrs of your life

Form of federal/state fin aid that does not need to be repaid; given to students with fin need

A program that allows students to work part time while continuing their studies

Our culture thinks student loan debt is normal & that itʹs an acceptable way to pay for college

Percentage of college students that graduate with student loans:

A two-year government-supported college that offers an associateʹs degree

When shopping for the best education option, you should narrow down to 10 schools or less.

Pro trainer serves as course instructor, uses a combo of hands-on activities & classrm training

A person that starts his or her own business

Which of the following is not recommended when you are cash-flowing your college education?

Youʹll only need to complete the FAFSA once during your college education.

The total estimated student loan debt outstanding (unpaid) is over:

All high-paying careers require a four-year college degree.

The Fourth Foundation is:

The average millionaire reads one nonfiction book a month.

Pay as you go

Scholarships are only for the highest academic achievers.

The average repayment period for a student loan is:

Form completed annually by current & prospective college students-determines elig for fin aid

Students rarely drop out of college due to financial trouble.

A four-year degree is necessary regardless of which career youʹre entering.

Financial aid that does not need to be repaid; awarded on the basis of academics, athletics etc

Students learn basic pro skills in 2 years or less; cut out many general courses req'd by univ

The best quality colleges are always the most expensive.

Must shop for the best price for your educ the same way you comparison shop for any lg purchase