Amounts owed
Length of credit history
Types of credit used
Payment history
Balance transfer APR
Penalty APR
Penalty fee
Cashback reward APR
Purchases APR
True
False
The "net price" of the college/university
Graduation rates
Whether college offers the field of study you are interested in
Quality of the student body based on test scores, GPA and selectivity of admissions
All of the above
Financial Aid Letter
FAFSA
Credit Report
Magna Carta
Pay the minimum payment each month on time
Pay the balance in full every month on time
Use your credit card to take out cash from ATM instead of your debit card since it is cheaper
Be sure to borrow up to your credit limit as it will help your credit score
Lenders you are seeking to borrow from
Utility companies
Employers or prospective employers
Landlord whose apartment you want to rent
All of the above
Bill and Jasmine will likely have the same interest rate as banks are forbidden to offer different interest rates on an auto loan.
Since Bill has a lower credit score, he will likely pay a lower interest rate on the loan.
Neither Bill nor Jasmine are likely to be approved for an auto loan given their low credit scores.
Since Jasmine has a higher credit score she is likely to pay a lower interest rate.
Home mortgage
Auto loan
Student loan
Debit card
Subsidized federal student loans
Pell Grants
Private loans
Other grants provided by the college/university
College scholarships
Dividend and share price appreciation (rise in the stock price)
Return of principal and coupon
Dividend and coupon
Coupon and share price appreciation (rise in the stock price
Start investing early
Invest over time and don't try and time the market
Invest all of your money in a bank savings account
Diversify your investments
Investing in a single company’s stock
Investing in a single company’s bonds
Putting your money in a savings account
Buying an S&P500 index fund
Apple, Facebook and S&P500 all had the same percentage return
Apple, Facebook, S&P500
Facebook, S&P500, Apple
Facebook, Apple and S&P500
Make on-time payments on all of your loans (credit cards, student loans, auto loans)
Apply for more credit cards
Take out a student loan
Miss a few payments on your loans