Module 05 Quiz

1. Which of the following are correct about opportunity costs? Choose all that apply.
   • Opportunity costs is the opportunity to reduce costs.
   • Opportunity costs are important to take into account when comparing alternatives.
   • Opportunity costs are the costs of giving up a profitable opportunity.
   • Opportunity costs are not as large as direct costs.
2. Which of the following are observed benefits of a college education, on average? Choose all that apply.
   • higher salary
   • higher job satisfaction
   • lower unemployment rate
   • negligible up-front costs
3. True or False: All college graduates are better off financially than the average high school grad.
4. True or False: The college graduate average starting salary can differ dramatically by choice of major.
5. Which of the following are generally good techniques for choosing your field of study and occupation? Choose all that apply.
   • going with gut feelings
   • following your passions
   • talking to people doing different things
   • trying many things
6. Which of the following are true about the distinctions between federal direct subsidized and unsubsidized loans? Choose all that apply.
   • unsubsidized loans need to be repaid, while subsidized loans do not
   • unsubsidized loans charge interest while you are enrolled in school, while subsidized loans do not
   • unsubsidized loans are available to any US citizen for the asking, while subsidized loans are financial need-based
   • unsubsidized loans are unlimited in size, while subsidized loans have maximum size limits
7. True or False: One should maximize gift aid before taking out student loans, and maximize federal and state loan options before taking out private loans.
8. True or False: College expenses are relatively fixed, with not much you can do to significantly lower them.