Borrowed Future Review

What current private loan company was originally created by the government in the early 1970s but then cut ties with the government in 2004?

• Navient

• Sallie Mae

• CitiBank

• Mohela

Mike Rowe stated that somehow, we've got into our heads that a college education is ______.

• mandatory

• not needed

• priceless

• essential

More than 2 million students will go to college this year. Out of those students, how many will take out student loans?

• 625,000

• 1 million

• 1.4 million

• 45 million

Congress has made PRIVATE student loans nearly impossible to discharge, or "wipe clean", even through ______.

• bankruptcy

• job loss

• death

• health issues

Twelve years after borrowing, the average borrower has only paid off ___ of their student loans.

• 26%

• 34%

• 52%

• 68%

Studies are showing that it takes the average person _____ years to pay back their student loan debt.

• 10

• 15

• 20

• 25

Dave Ramsey stated that "most of the mistakes around college are simply college ______."

• major

• choice

• cost

• location

Only ____ of college graduates have a salaried job within the first year of graduating college.

• 10%

• 20%

• 30%

• 40%

What was David Wilson's "dream school" or the one he would have liked to attend?

• University of Wisconsin

• University of Nebraska

• University of Minnesota

• Geneva College

Anthony Oneal stated that the problem with this generation is that "you take a _____ approach to an adult decision."

• child's

• student's

• teen's

• millennial's