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What is a credit score?
A loan and bill payment history
What affects the amount of interest that you pay on a loan?
Your credit rating, how much you borrow and the time it takes for you to repay the loan.
What is the average number of years it takes college graduates to pay off their student loans?
10 Years
In terms of credit, what does APR stand for?
Annual Percentage Rate
True or false The type of car you own affects the price you pay for auto insurance?
True
What is the difference between gross pay and net pay?
Gross pay is your pay prior to any deductions Net pay is after deductions
What percentage of your income do experts advise saving for retirement?
10%
True or false Can setting up automatic payments save you money?
True
What are some deductions that can be taken out of your paycheck?
Federal taxes, State and local taxes, Retirement, Health benefits
What percentage of four-year graduates have student loan debt?
70%
What state has the highest tuition rates for out of state, public universities?
New Hampshire
What is the average student loan interest rate today?
5.8%
What percentage of people in the US live paycheck to paycheck?
78%
What's the difference between a credit and debit card?
When using a debit card money come directly from your checking account, you are billed later when using a credit card.
