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| Question | Answer |
| 1.The average repayment for a student loan is: | 10 years |
| 2. The percentage of college students that graduate with student loans: | 66% |
| 3. The Fourth Foundation and topic of Unit 5 is: | Pay cash for college |
| 4. The total estimated student loan debt outstanding (unpaid) is over: | $1 Trillion |
| 5. T/F The best quality colleges are always the most expensive | False |
| 6. T/F Our culture thinks student loan debt is normal and that it's an acceptable way to pay for college | True |
| 7. T/F The average millionaire reads one non-fiction book a month | True |
| 8. T/F If you plan to attend community college for two years with the intention of transferring to a four-year school, you should work with an adviser to make sure the classes will transfer | True |
| 9. T/F You'll only need to complete the FAFSA once during your college education | False |
| 10. T/F The academic and financial choices you make in the next few years will affect the next 40 years of your life | True |
| 11. T/F You must shop for the best price for your education in the same way you comparison shop for any large purchase | True |
| 12. T/F When shopping for the best education option, you should narrow your choice of colleges to 10 schools or less | False |
| 13. T/F You must go to a prestigious school in order for employers to recognize your talents and strengths | False |
| 14. A form of financial aid that does not need to be repaid; usually given to students who demonstrate financial need | grant |
| 15. A two-year government-supported college that offers an associate's degree | community college |
| 16. A form that is completed annually by current and prospective college students to determine their eligibility for financial aid | FAFSA |
| 17. Allows students to learn basic professional skills in two years or less; typically cut out many of the general courses required by traditional universities | Trade School |
| 18. A program that allows students to work part time while continuing their studies | work study |
| 19. These may be free or low-cost; found online, at community colleges, or through government-funded programs | certifications |
| 20. A form of financial aid that does not need to be repaid; usually awarded on the basis of academic, athletic, or other achievements | scholarships |
| 21. Usually a professional trainer serves as the course instructor and uses a combination of hands-on activities and formal classroom training | on-the-job-training |