Devry Coll148 Week 7 Quiz Latest 2015 November

Devry Coll148 Week 7 Quiz Latest 2015 November

1. Question : (TCO 5) After analyzing Sara’s preference to complete her program in four years and reviewing her aid eligibility, what is her remaining need for her program in her first year?

  $7,690

$21,846

$2,346

$13,000

Points Received: 4 of 4

Comments:

Question 2. Question : (TCO 5) What level of enrollment does Marco need to maintain each semester to graduate in four years as planned?

  Less than half-time (<6 hours)

Half-time (6–8 hours)

Three-quarter time (9–11 hours)

Full-time (>12 hours)

Points Received: 4 of 4

Comments:

Question 3. Question : (TCO 5) How much is Marco borrowing each year in loans that have to be repaid after leaving school?

 : $4,750

$6,000

$14,250

$21,285

Points Received: 4 of 4

Comments:

Question 4. Question : (TCO 5) What resources can Allan research to find alternative sources to cover his expenses each semester?

 : Scholarships

Private loans

Tuition reimbursement

All of the above

Points Received: 4 of 4

Comments:

Question 5. Question : (TCO 5) After reviewing Allan’s income and expenses on the My Budget tab, how much additional income does he need to cover his current expenses while in school?

 : $222.00

$298.75

$198.75

None of the above

Points Received: 4 of 4

Comments:

Question 6. Question : (TCO 5) Which of the following are wants (nice-to-have, nonessential goods and services) instead of needs (items that are necessary for everyday living) that Sara can cut back on in order to decrease her overspending every month?

  A. Cable television

B. Rent

C. Dining out

D. Both A and C

E. Both B and C

Points Received: 4 of 4

Comments:

Question 7. Question : (TCO 5) Even though Marco plans to make $38,000 annually, how much will he actually have left to spend after taxes (estimated net annual income after taxes)?

 r: $38,000

$35,093

$5,681.25

$27,511.75

Points Received: 4 of 4

Comments:

Question 8. Question : (TCO 5) How much student loan debt will Marco be responsible for once he completes his program?

  $57,000

$14,250

$57,000

None of the above

Points Received: 4 of 4

Comments:

Question 9. Question : (TCO 5) Using the My Dream Career tab, what repayment plans offer Sara a repayment amount she can afford based on her projections?

 : Standard, Extended, Graduated, Income Sensitive

Income Sensitive, Income Based, Consolidated with Auto Debit

Standard, Consolidated with Auto Debit

Extended, Income Based, Graduated, Income Sensitive, Pay As You Earn

Points Received: 4 of 4

Comments:

Question 10. Question : (TCO 5) The National Student Loan Data System (NSLDS) website (http://www.nslds.ed.gov/) contains information on which of the following?

 : Amounts of all federal loans the borrower has received

The status of each of the federal loans the borrower has received

Specific contact information for lenders and loan services

All of the above

Points Received: 4 of 4

Comments:

Question 11. Question : (TCO 5) Which website should Sara visit if she wants to consolidate her loans to make one payment?

  A. my.devry.edu

B. NSLDS.ed.gov

C. Studentloans.ed.gov

D. Both A and B

Points Received: 4 of 4

Comments:

Question 12. Question : (TCO 5) How will you apply what you learned to your current financial situation?

Question 13. Question : (TCO 5) Do you know how much your program will cost? Do you know where to find the information on your student loans?

.