Chapter 7 Review

What is the primary difference between a vocational school and a university education?

• Vocational schools are more expensive

• Universities offer shorter programs

• Vocational schools focus on specific job skills

• Universities only offer associate degrees

How is ROI (Return on Investment) calculated for educational programs?

• Total cost minus expected salary

• Expected salary divided by program length

• (Gain from Investment - Cost of Investment) / Cost of Investment

• Cost of Investment times program duration

Which type of institution typically offers two-year programs leading to associate degrees?

• Universities

• Community colleges

• Vocational schools

• Graduate schools

What is NOT typically considered when evaluating the ROI of education?

• Expected salary after graduation

• Social media presence of the school

• Time to complete degree

• Total cost of education

Which financial aid option does NOT need to be repaid?

• Federal student loans

• Private student loans

• Grants

• Parent PLUS loans

Why is asking detailed questions about post-secondary education important?

• To extend the application deadline

• To reveal hidden costs and potential savings

• To meet more faculty members

• To learn about campus sports teams

What is typically the longest duration for completing a bachelor's degree at a university?

• Two years

• Three years

• Four years

• One year

Which factor should NOT be prioritized when making an informed decision about education?

• Your career goals
  

• The popularity of the school's sports teams

• Total cost of attendance

• Job market demand

What is a key advantage of community colleges?

• They offer doctoral degrees

• They have lower tuition costs than universities

• They provide on-campus housing for all students

• They guarantee job placement

Which is an important question to ask about post-secondary education costs?

• What is the school mascot?

• What are the job placement rates?

• How many students attend football games?

• What color are the school buildings?