Consumer Economics Chapter 7

Multiple choice and short answer will be updated

Many high schoolers get so caught up in the idea of the college experience that they don't think critically about . . .

how their college choice will affect their financial future

Student loans are a type of "good" debt. True or false?

false

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.

pay cash for college

You can fund your education by finding the right mix of ___, ___, and ___.

grants, scholarships, and work

Ask yourself, "Do I need this ___ for my ___?" before you start applying to schools.

degree; career

What's a better question to ask instead of, "Where do I want to go to college?"

What do I want to do for a career?

It takes the average person _________ to pay off their student loan debt.

20 years

Private student loans typically have a higher interest rate than federal student loans

true

Getting good grades and scoring well on college entrance exams give you a better chance of ____________.

getting a scholarship

Since federal funding is often awarded on a first-come, first-served basis, you'll be more likely to get financial help by filling out your FAFSA as soon as possible.

true

A two-year degree with specialized training, a flexible schedule, and lower educational costs is called a(n) ______________.

associate degree

Many service industries, including financial services, auto repair, electrical work, plumbing and health care, don't require four-year degrees.

true

The first decision you need to make in order to avoid going into debt with student loans is . . .

Dream of possibilities

The average college student in America graduates with _________ in student loan debt.

$35,000

FAFSA is the federal application required to . . .

recieve financial aid

To stay extra focused on your debt-free degree goal, you will need to avoid . . .

student loans

You can save thousands of dollars by spending the first ____ at a(n) _____.

two years; local community collage

You should figure out what you're passionate about before going to school for a specific field of work.

true

In-state college tuition is almost always a cheaper option than out-of-state colleges.

true

Dropping out of college means you don't have to pay your student loans.

false

When applying for scholarships, you should consider both _____ and _______.

range, intensity

Scholarships are a great way to fund your education because you don't have to . . .

pay them back

Most employers care more that you're educated in your field than they care about . . .

what collage you went to

________ typically take(s) less than two years to complete, teach you the skills you need for that career, and is/are often tied to that region's employment needs.

trade and vocational shools

Certificate programs, boot camps, and accelerated programs are typically less ___________ than other educational programs.

expensive

Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of ________.

interest rates

What is The Fourth Foundation?

Pay cash for college

It's okay to not understand all the specifics of your financial aid before accepting the money. True or false?

false

Your college degree will only cost you the tuition, nothing more. True or false?

false

To decide if you're passionate about something, consider . . .

volenteering in that field first

what are five non collage options avalible for post secondary education pg. 195

trade and vocational schools, start a buisness, enlist in the military, on the job training, & liscens and certification