EverFi: Return On Investment
Taking more than four years to graduate will increase costs and may impact a return on investment. What could you check to see how long most students take to finish at an institute of higher education?
graduation rate
The _____ shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.
graduation rate
A net price calculator _____.
helps estimate the amount of money you might get in scholarships and grants
A positive return on investment for higher education _____.
is when your earnings potential is higher than the cost of your education
Higher education typically has a positive return on investment because _____.
jobs and careers that require a degree or certificate generally earn higher salaries
Choosing the higher education institution with the cheapest sticker price might be a bad idea because _____.
more expensive schools may be cheaper once the net cost has been determined
Scholarships, grants and work-study money all reduce the _____ of higher education.
net cost
A _____ can help you estimate how much money you might get in scholarships and grants at a given institution of higher education
net price calculator
If your earning potential is higher than the cost of your higher education, you will have a _____.
positive return on investment for higher education
The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as _____.
the sticker price
The sticker price of an institute of higher education includes _____.
tuition, housing, food, books and other costs
Which of the following is not an example of how you can reduce the full cost of higher education?
Buy all books at the bookstore as early as possible.
Are net costs or sticker prices lower for higher education and why?
Net costs are lower since they include all scholarships, grants and special program financing.
Why are net costs of higher education different from sticker prices?
Net costs include all scholarships, grants and special program financing.
Anna got a high-paying job as a lab technician upon graduation. She took five years to graduate from a public university and did take out a lot of loans. What kind of return on investment (ROI) does Anna demonstrate?
Positive ROI
Luis repairs air conditioners. He earned a certificate in 6 months and paid for it with one loan. He earns a good salary now and will pay off his loan in two years. What kind of return on investment (ROI) does Luis demonstrate?
Positive ROI
Why would finding graduation rates be helpful in determining an institution's return on investment?
Taking more than four years to graduate will increase costs and may impact return on investment.
Which is an example of why higher education typically has a positive return on investment (ROI)?
The jobs you can get with higher education will earn more money than jobs without a degree or certificate.
What is a sticker price for higher education?
The price of attendance including tuition, room and board, books and other costs.
Which of these is not something to consider when trying to get a positive return on investment (ROI) for higher education?
The type of food that is offered on the meal plan.
Why would researching the average earnings by major and by career be useful to you as you choose an institute for higher education?
You can anticipate the return on investment based on how much you could earn. Or It can help you calculate the return on investment.
How can attending a community college help create a positive return on investment for higher education?
You spend less money the first 2 years and then transfer to a 4 year institution.
Jobs and careers that require degrees or certificates generally _____ jobs that require little or no training.
earn more money than
Buying used textbooks, cooking your own meals and biking instead of driving can all reduce the _____.
full costs of higher education