A.) FinancialAid.gov B.) Wichita.edu/Finances C.) MyCollegeMoneyPlan.orgD.) Money4You.com L C.) MyCollegeMoneyPlan.org F What is the name of the website you visited in class this week to learn more about your finances in college?

To spend less you should try? A.) eating out less often B.) negotiate tuition prices C.) not paying rentD.) A and B are correct LF A.) eating out less often

LF Which of the following is NOT a trick to get you to go into too much debt? A.) Advertising a car by it’s monthly payment instead of the net price B.) A university directing you to a “net calculator” for college costs C.) Lenders telling you your line of credit qualifies you for a bigger home than you calculated D.) A school telling you to borrow from your parents’ retirement fund until you can pay them back when you graduate

LF What is the best type of loan to have? A.) a Federal Student Loan B.) A rent-to-own loan C.) A federal or private student loan D.) A PayDay Loan

LF To avoid identity theft you should take steps to? A.) Only shop online so there’s no clerk present to steal your debit/credit card information B.) Refuse to give out your social security # when applying for jobs C.) Shred documents with your personal information on it. D.) Don’t have a bank account, keep all of your $ safe at home

LF How much debt is too much debt for school? A.) Having $25,000 in federal student loans B.) Borrowing more than you’ll make your first year out of school C.) Having a $2,000 car loan in addition to federal student loans D.) All of the above

LF A.) medical issues B.) To get a car for transportation C.) To advance your degree in a field that will increase your earning potential What are considered reasons for a “necessary debt?”

LF A.) Maintaining a positive balance What is the best way to build credit using a credit card? B.) Making on time, in full payments each month C.) Using it for all major purchases D.) A and B are correct

Where should you store your social security card? LF A.) In your wallet B.) In your glove box C.) In a secure location in your home D.) A and C are both correct

LF All of the following would hurt your credit score except? A.) Making late payments B.) Using most of your available credit each month C.) Getting approved for several credit cards in a year D.) Getting a higher credit allowance

LF Which person would have the best credit score? A.) A woman who is married to a millionaire B.) A man who has an income of $200,000 C.) A 15 year old who doesn’t have any debt yet D.) There is not enough information to know

LF Which of the following is considered a “hard inquiry” on your credit report? A.) If an employer checks your credit in the hiring process for a financial firm B.) If a lender checks your credit to decide what interest rate you qualify for on a loan C. If you submit a request for a copy of your credit report at annualcreditreport.com D. All of the above

LF A.) Utility companies to determine if you will pay a higher deposit than others do B.) By an employer to deny you fair consideration for a job C.) By a landlord approving/denying you to rent D.) By a mortgage broker in order to send you ads for a home loan Your credit score can’t be used by:

LF Which of the following does not appear on your credit report? A.) PayDay Loan B.) Installment Loan C.) Revolving Charge Account D.) Mortgage

LF Which has the highest Annual Percentage Rate? A.) A PayDay LoanB.) Rent-to-own Loan C. Auto Title LoanD.) Credit Card

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