FREE AND STUDY GAMES ABOUT 9TH PERSONAL FIN CH5

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FREE AND STUDY GAMES ABOUT 9TH PERSONAL FIN CH5

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -21 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: A form that is completed annually by current and prospective college students to determine their eligibility for financial aid.

Answer:

FASFA Question 2: A form of federal or state financial aid that does not need to be repaid; usually given to students who demonstrate financial need

Answer:

Grant Question 3: Which of the following is not a good option when it comes to paying for your education?

Answer:

Ask your parents to take out a loan Question 4: Why does Dave Ramsey compares student loan debt to a ?monster locked in the closet.?

Answer:

you can only ignore or avoid the monster (debt) for a short time; after college you will have to face the monster

Question 5: A person that starts his or her own business

Answer:

Entrepreneur Question 6: Allows students to learn basic professional skills in two years or less; typically cut out many of the general courses required by traditional universities.

Answer:

Trade School

Question 7: Explain how you can get an education debt free after high school.

Answer:

It is possible to cash-flow your college education if you save now, plan ahead, get good grades, take the ACT/SAT several times, shop around, apply for financial aid.Question 8: Explain how academic and financial decisions made today will affect your life for years to come.

Answer:

the long -term consequences of debt and the benefits of good education choices, career choices and money management.Question 9: The average repayment period for a student loan is:

Answer:

10 years

Question 10: What are some ways that you can invest in yourself?

• Find a mentor

B)Surround yourself with people who have similar goals and ambitions as you

• Read books

Answer:

• Find a mentor

B)Surround yourself with people who have similar goals and ambitions as you

• Read books

Question 11: What percentage of college students graduate with student loans?

Answer:

66%

Question 12: Pay as you go

Answer:

Cash-Flow Question 13: The Fourth Foundation is:

Answer:

pay cash for college

Question 14: What could be a negative consequence of taking out student loans?

Answer:

• Not having the freedom to be a stay-at-home parent

• Having to delay investing and saving for your future

• Not having flexibility in your career options

Question 15: A program that allows students to work part time while continuing their studies.

Answer:

Work Studies Question 16: What of the following is recommended when you are cash-flowing your college education?

Answer:

• Live on a zero-based budget.

• Work and save money over the summer months.

• Make sure you have an emergency fund.

Question 17: What are three reasons why you should avoid student loans.

Answer:

• repayment can take 10 years or more, being in debt limits your choices and

possibilities 2.many borrowers fall behind and even default on their student loan payments,

• many students drop out of college and still have to pay back their loans

Question 18: Usually a professional trainer serves as the course instructor and uses a combination of hands-on activities and formal classroom training.

Answer:

On-the-Job Training Question 19: A two-year government supported college that offers an associate's degree

Answer:

Community College Question 20: The total estimated student loan debt outstanding (unpaid) is over:

Answer:

• Trillion Dollars

Question 21: A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic or other achievements.

Answer:

Scholarship