Test yourself


Topic Assessement: Question

Here are a few questions to test what you've learned.
On average, a college graduate earns ________ more in their lifetime than a high school graduate.
A. $120,000
B. $500,000
C. $975,000
D. $1.2 million
Right!
Not Quite.
Not Quite. The correct answer is D. $1.2 million.
As a general guideline, your monthly student loan payment should be less than ___________ of your expected net monthly income after you graduate.
A. 10%
B. 20%
C. 30%
D. 40%
Right!
Not Quite.
Not Quite. The correct answer is A. 10%.
Three sources of funds for higher education that definitely do NOT have to be repaid are:
A. Grants, scholarships, and Federal PLUS Loans
B. Grants, scholarships, and work-study
C. Scholarships, work-study, and Federal Perkins Loans
D. Your parents, your grandparents, and your poker buddies
You're Right!
Not Quite.
Not Quite. The correct answer is B. Grants, scholarships, and work-study.
Who can be a lender for student loans?
A. Colleges and Universities
B. Banks
C. The Federal government
D. All of the above
You're Right!
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Not Quite.
Not Quite. The correct answer is D. All of the above. Click the Next button for more great options.
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Is more education in your future? Test yourself