chapter 5 personal finance

Which of the following about college financial aid is FALSE?

A form that is completed annually by current and prospective college students to get aid

Which of the following are ways you can invest yourself?

A professional trainer aids you in activities and classroom training

How can academic and financial decisions affect your life for years

You should visit your college's financial aid office if:

F or T: The best quality colleges are always the most expensive

You'll only need to complete the FAFSA once during your college education

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

Is it realistic to graduate debt free?

Which of the following statements is false?

Allows students to learn basic skills in two years or less: no general education courses

Which of the following is NOT a good idea when planning for education?

Pay as you go

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

T or F: You must go to a prestigious school in order for employers to recognize your talents 

Which of the following could be a negative consequence of taking out student loans?

T or F: Our culture thinks student loan debt is normal and an acceptable way to pay for college

A form of financial aid that does not need to be repaid; awarded on the basis of achievements

Which of the following is NOT recommended when you are cash-flowing for college?

A form of federal or state aid that does NOT need to be repaid

The fourth foundation is:

The academic & financial choices you make in the next few years will affect your next 40 years

A wise college plan does NOT include:

T or F: A four-year degree is necessary regardless of which career you're entering

Which of the following statements is FALSE?

These may be free or low- cost; found online, at community colleges or government funded p-gram

The average repayment period for a student loan is:

A person that starts his or her own business

You must shop for the best price for your education in the same way you shop for other things

T or F: When shopping for colleges you should narrow down your choices to 10 or less

Explain how you can get an education debt free after high school

If you plan to attend a community college at first make sure that your credits will transfer 

F or T: The average millionaire reads one nonfiction book a month

Why should you avoid student loans

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