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When planning for college, you should consider: |
All of the above |
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Which education level has the highest return on investment (ROI)? |
Bachelor’s degree (4 years of college) |
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Your sister is starting 9th grade next year and is thinking about going to college. What step would you recommend she take first? |
Look for school clubs & organizations she’s interested in |
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Which of the following types of financial aid do not require you to pay the money back? |
Grants |
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Select the answer that best describes why the return on investment (ROI) for higher education is high even though the cost of college is increasing. |
You have the potential to earn more money in the future when you continue your education past high school. |
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Which of the following loans will typically offer the lowest interest rate? |
Federal Student Loan |
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Which answer best describes an unsubsidized federal loan? |
You are responsible for paying all the interest that accumulates on your loan. |
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On average, someone with a Bachelor’s degree is estimated to earn ____ times more than someone with a high school diploma. |
1.6 |
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The Federal Application for Student Aid (FAFSA) form: |
Is the free application for federal student aid |
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When referring to student loans, what is a grace period? |
The period after graduating or leaving school before you must begin paying back student loans |
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