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Graduate Personal Finance Questions

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Graduate Personal Finance
Which of the following statements is false?
  1. On-campus jobs may pay you directly or pay toward your tuition bill.
  2. Research shows that students who work up to 20 hours a week have the highest grade point averages.
  3. Research shows that working more than 20 hours a week may affect your grades negatively.
  4. Students rarely drop out of college due to financial trouble.
Graduate Personal Finance
Which of the following statements about college financial aid is false?
  1. Many businesses have scholarships for employeesʹ children.
  2. Grants are free money.
  3. The Free Application for Federal Student Aid (FAFSA) is the first step to receiving any kind of financial aid.
  4. Scholarships are only for the highest academic achievers.
Graduate Personal Finance
Graduate Personal Finance
Which of the following is not one of the basics of budgeting?
  1. Pay yourself first by saving
  2. Stick to your budget unless something unexpected happens
  3. Make it a priority to give
  4. Live on less than you make
Graduate Personal Finance
The average repayment period for a student loan is:
  1. 15 years
  2. 5 years
  3. 20 years
  4. 10 years
Graduate Personal Finance
You should visit your collegeʹs financial aid office if:
  1. Your parentsʹ financial situation has changed
  2. You have any problems with the financial aid application process
  3. A medical situation has come up
  4. All of the above
Graduate Personal Finance
Which of the following statements is false?
  1. Millions of people canʹt afford to make their student loan payment every month.
  2. Our culture accepts student loan debt as normal and sometimes even refers to it as good debt.
  3. Debt is owing anything to anyone for any reason.
  4. A student loan is an award.
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