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Ramsey Ch 7 College Planning Review
Test Description: College planning
Instructions: Answer all questions to get your test result.
1) 2 Important Factors in applying for scholarships is that you can demonstrate
A
leadership; courage
B
truth; love
C
economic and personal finance knowledge
D
range; intensity
2) Student Loans are a type of good debt
A
true
B
in some scenarios
C
false
D
maybe
3) Part of making a plan to _____ involves searching for scholarships, saving, and talking with your family about what kind of financial help you'll get.
A
live in a dorm
B
get good grades
C
pay cash for college
D
get student loans
4) You can fund your education by finding the right mix of ___, ___, and ___.
A
Scholarships; trust funds; federal aid
B
Cash; loans; grants
C
Grants; scholarships; work
D
Work; loans; cash
5) __________________(are) money, usually from the government, that doesn't have to be paid back
A
Grants
B
Commercial Loans
C
Scholarships
D
Student Loans
6) Getting good grades and scoring well on college entrance exams give you a better chance of ____________.
A
Getting a scholarship
B
Graduating early
C
Going to an out-of-state college
D
Getting an interview
7) A two-year degree with specialized training, a flexible schedule, and lower educational costs is called a(n) ______________.
A
Bachelor's degree
B
Associate degree
C
Graduate degree
D
Community college degree
8) The average college student in America graduates with ________ in student loan debt.
A
$20,000
B
$35,000
C
$10,000
D
$5,000
9) To stay extra focused on your debt-free degree goal, you will need to avoid . . .
A
Student loans
B
The FAFSA
C
A college degree
D
All types of financial aid
10) FAFSA stands for
A
Free Application For Federal Student Aid
B
French Aristocrats Fighting Socialist Associations
C
Federal Aviation For Spanish Argentinians
D
Fragrant Avocados For Strong Americans
*select an answer for all questions
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