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Knowledge Check - Module 6
Name (Last, First):
*
1. While most debt is bad debt, how would you define good debt?
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Debt that costs money.
Debt that depreicates.
Debt that appreciates.
Debt that starts early.
2. The average college loan debt for a graduate in Iowa is roughly $30,000. How are you able to avoid college loan debt?
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Applying for Private Loans
Applying and receiving Grants & Scholarships
Applying for Perkins Loans
Applying and receiving Stafford Loans
3. What scholarship is LaTreal Peterson most proud of receiving?
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Gates Millenium Scholarship
Alice Conner Scholarship
Prairie Meadows Scholarship
Microsoft Scholarship
4. What is a 529 plan?
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A plan for people who want to begin savings for college.
A plan for people who want to begin savings for their retirement.
A plan for people who want to begin savings for their future home.
A plan for people who want to begin savings for their future automobile.
5. How long did Domenik's mother say she had before she had to start paying back her college loans?
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12 months after graduating
6 months after graduating
2 years after graduating
3 years after graduating
6. Once you’ve evaluated your financial aid packages and selected the offers you’d like to accept, you’ll sign a _____.
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FAFSA
Subsidized loan
Unsubsidized loan
Master Promissory Note
Submit