Master Personal Finance Chapter 7
(Dave Ramsey Curriculum): 2025/2026
Exam Study Guide to Ace Your Test &
Avoid Resits
In order to qualify for student aid, a student and his or her parent(s) must complete the
_______ every year the student is in college. - CORRECT ANSWERSFAFSA
A(n) ______________ is also referred to as a four-year college degree or an
undergraduate degree. - CORRECT ANSWERSbachelor's degree
A(n) _______ is financial aid that's based on a student's financial need and doesn't
need to be paid back. - CORRECT ANSWERSGrant
, Any formal education after you graduate from high school is referred to as ______ -
CORRECT ANSWERSpostsecondary education
On average across the country, the _____________ is lower for those s with a college
degree. - CORRECT ANSWERSUnemployment rate
________________ typically have lower interest rates than those offered by private
lenders. - CORRECT ANSWERSFederal student loans
the first and biggest decision you'll have to make about going to college the right way
financially is to ... - CORRECT ANSWERSTake debt off the table
A great alternative to a four-year college—and one that could save you a bunch of
money—would be to go... - CORRECT ANSWERSTo a community college
when it comes to financial aid, you definitely want to avoid any and all loans, but you
can accept.... - CORRECT ANSWERSScholarships, loans, and work studies
The student loan crisis in our country is too serious to ignore because, right now, the
total student loan debt is ... - CORRECT ANSWERSOver $1.6 trillion
If you receive financial aid that's based on your achievements, that's called: -
CORRECT ANSWERSA scholarship
What will students who drop out of college have to do with their student loans? -
CORRECT ANSWERSPay them off
Student loans you take out to pay for college are almost impossible to . . . - CORRECT
ANSWERSBankrupt
someone who wants to be a hygienist or electrician should go to... - CORRECT
ANSWERSA trade school
When it comes to picking a college, look for one that is... - CORRECT
ANSWERSAffordable
On average, how many years does it take someone to pay back student loan debt? -
CORRECT ANSWERS20 years
Take _____ off the table. - CORRECT ANSWERSdebt
Have and create a ______. - CORRECT ANSWERSVision
Research and _______. - CORRECT ANSWERSPrepare
Set a decision ____. - CORRECT ANSWERSDay
(Dave Ramsey Curriculum): 2025/2026
Exam Study Guide to Ace Your Test &
Avoid Resits
In order to qualify for student aid, a student and his or her parent(s) must complete the
_______ every year the student is in college. - CORRECT ANSWERSFAFSA
A(n) ______________ is also referred to as a four-year college degree or an
undergraduate degree. - CORRECT ANSWERSbachelor's degree
A(n) _______ is financial aid that's based on a student's financial need and doesn't
need to be paid back. - CORRECT ANSWERSGrant
, Any formal education after you graduate from high school is referred to as ______ -
CORRECT ANSWERSpostsecondary education
On average across the country, the _____________ is lower for those s with a college
degree. - CORRECT ANSWERSUnemployment rate
________________ typically have lower interest rates than those offered by private
lenders. - CORRECT ANSWERSFederal student loans
the first and biggest decision you'll have to make about going to college the right way
financially is to ... - CORRECT ANSWERSTake debt off the table
A great alternative to a four-year college—and one that could save you a bunch of
money—would be to go... - CORRECT ANSWERSTo a community college
when it comes to financial aid, you definitely want to avoid any and all loans, but you
can accept.... - CORRECT ANSWERSScholarships, loans, and work studies
The student loan crisis in our country is too serious to ignore because, right now, the
total student loan debt is ... - CORRECT ANSWERSOver $1.6 trillion
If you receive financial aid that's based on your achievements, that's called: -
CORRECT ANSWERSA scholarship
What will students who drop out of college have to do with their student loans? -
CORRECT ANSWERSPay them off
Student loans you take out to pay for college are almost impossible to . . . - CORRECT
ANSWERSBankrupt
someone who wants to be a hygienist or electrician should go to... - CORRECT
ANSWERSA trade school
When it comes to picking a college, look for one that is... - CORRECT
ANSWERSAffordable
On average, how many years does it take someone to pay back student loan debt? -
CORRECT ANSWERS20 years
Take _____ off the table. - CORRECT ANSWERSdebt
Have and create a ______. - CORRECT ANSWERSVision
Research and _______. - CORRECT ANSWERSPrepare
Set a decision ____. - CORRECT ANSWERSDay
