EVERFI – HIGHER EDUCATION QUIZ

25 February 2024
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10 test answers

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