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Ten Things To Know Before You Go to College Flashcards | StudBud
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Ten Things To Know Before You Go to College
Ten Things To Know Before You Go to College
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Questions
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Answers
1
You save $1,000 and invest in an S&P 500 index fund. If you get 7% return, value in 40 years?
$14,974
$1,070
$7,504
$3,288
2
You're buying a $20,000 car. How much more will you pay on your loan with a low credit score?
$1500
$7000
$500
$4500
3
Which of the following do you think will earn the highest return on your money?
Stock market index fund
Savings bond
Savings account
Money in your mattress
4
What percent of students complete college within 4 years?
59%
89%
41%
68%
5
True or False. You can negotiate your financial aid award letter.
False
True
6
Your finance GPA [credit score] considers several factors in grading you. Most important?
Your job
How many credit cards you have
Your income
On-time payments
7
What college major provides grads with highest earnings?
Psychology
Chemistry
Computer Science
Electrical Engineering
8
Bank managers asks you "Do you want overdraft protection so you don't overdraw your account?"
Yes
No
9
Research: Working more than _________ hours per week in college can affect your academics.
15
25
5
10
10
Which of these financial aid types do you need to pay back?
Student loan
Cal Grant
Pell Grant
Merit scholarship
11
What percentage of students graduate from college with student debt?
55%
20%
45%
70%
12
Which of these websites has become the most popular professional network for finding a job?
Craigslist
Google
LinkedIn
Apple