Education Expectations
What type of education do students attend after high school to earn a degree?
University
What is money borrowed to pay for education called?
Student Loan
What does financial independence mean?
Being able to support yourself financially
Name one alternative to university after high school
College, trades, or apprenticeship
Name one major expense university students must pay besides tuition.
Why might university students continue living with their parents
To save money
True or False: More jobs today require post-secondary education than 30 years ago.
True
What is student debt?
Money students owe from borrowing for education
Name two adult milestones that higher education can delay.
Marriage, homeownership, or financial independence
What is one major benefit of earning a university degree besides getting a job?
Higher earning potential or more career opportunities.
How can pressure from family or society influence a student's decision to attend university?
Students may attend university to meet others' expectations rather than follow their own interests
How can student loan debt affect someone's ability to purchase their first home?
It can make saving for a down payment and qualifying for a mortgage more difficult.
Why might someone choose a skilled trade instead of attending university?
Lower education costs, shorter training, and the ability to start earning sooner.
What is the term for the money you give up earning while attending university instead of working?
Opportunity cost.
Why might spending more years in post-secondary education delay financial independence?
Students may start working full-time later, accumulate debt, and take longer to build savings.