Should you go back to school? Take the quiz!

CORRECT ANSWERS: 0

Tired of just getting by in a low-paying job, or struggling to find employment that matches your skills and interests? Maybe it's time to hit the books and earn a degree that can net you the career! Is it time for you to head back to school?

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Question 1 of 20

According to the U.S. Census Bureau, how much more does the average person earn with a master's degree compared to a bachelor's degree?

6 percent
14 percent
21 percent

... Americans with a master's degree earn 21 percent more each year than those holding a bachelor's degree.

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Question 2 of 20

How much does the average MBA program cost, according to Forbes?

$45,000
$75,000
$100,000

... The average two-year MBA program costs around $100,000.

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Question 3 of 20

How much does the average community college charge for a year's tuition?

$1,500
$2,000
$4,500

... Community colleges charge roughly $2,000 for one year's tuition.

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Question 4 of 20

How much tuition reimbursement can you accept tax-free from your employer each year?

none
$5,250
an unlimited amount

... You can accept up to $5,250 in tuition reimbursement each year before you have to start counting this money as taxable income.

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Question 5 of 20

What percentage of degree-seeking students over the age of 50 attend community colleges?

50 percent
30 percent
10 percent

... About half of students over the age of 50 choose community colleges, while just 33 percent of younger students choose this route.

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Question 6 of 20

What percentage of all college students are over the age of 25?

10 percent
33 percent
50 percent

... One-third of college students are older than 25, so don't let age keep you from heading back to school.

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Question 7 of 20

What federal program allows colleges to award credits to older students based on their work and life experience?

College Credit Exam Program (CCEP)
College Level Examination Program (CLEP)
Adult Student Education Exam (ASEE)

... CLEP tests award college credit to older students based on experience.

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Question 8 of 20

What percentage of degree-seeking college students are over the age of 50?

1 percent
4 percent
10 percent

... About four percent of students seeking a college degree are over the age of 50.

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Question 9 of 20

How old was Kansas resident Nola Ochs when she earned her bachelor's degree in 2007?

10 years old
65 years old
95 years old

... Ochs was 95 when she earned her degree in history, making her the oldest graduate ever to earn a degree.

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Question 10 of 20

What is the maximum age limit for students hoping to receive federal student aid?

30 years old
50 years old
There is no age limit.

... Federal government loans are available to any qualifying student, regardless of age.

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Question 11 of 20

What is the median yearly income for Americans with a bachelor's degree?

$55,600
$45,500
$38,800

... The average American with a bachelor's degree earns a median salary of $55,600 per year.

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Question 12 of 20

How much more can you earn over your lifetime with a master's degree compared to a bachelor's degree?

$400,000
$200,000
$150,000

... The average person earns about $400,000 more in his or her lifetime with a master's level degree than with a bachelor's degree.

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Question 13 of 20

How much does a Ph.D. increase yearly earnings for the average person with a master's degree?

$8,000
$15,000
$25,000

... Expect to earn an average of $25,000 more per year if you pursue a Ph.D.

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Question 14 of 20

What is the maximum amount you can borrow from the federal government each year to pay for school?

$10,000
$13,500
$18,500

... Students of any age can borrow up to $18,500 in federal student loans each year.

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Question 15 of 20

What is the average base salary offered to a new MBA graduate?

$75,000
$85,000
$95,000

... The average new MBA graduate earns a base salary of $95,000 per year.

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Question 16 of 20

What do adult students consider the most significant barrier to going back to school, according to Penn State University?

convenient scheduling
cost
age

... Flexible schedules and alternative learning environments can help attract adult students.

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Question 17 of 20

How much more does someone with a bachelor's degree earn each year than a person with only a high school diploma?

40 percent
75 percent
100 percent

... A bachelor's degree can increase your earning power by 75 percent, resulting in earnings of $1 million more over your lifetime.

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Question 18 of 20

How much does the American Opportunity federal tax credit offer adult students who are pursuing their first undergraduate degree?

$2,500
$1,500
$500

... The American Opportunity tax credit can help you deduct $2,500 from your taxes to help pay for your degree.

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Question 19 of 20

What degree offered the highest average starting salary for new graduates in 2011?

computer science
chemical engineering
mechanical engineering

... Chemical engineering graduates earned an average starting salary of almost $67,000 in 2011, the highest of any field.

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Question 20 of 20

How much can adult students deduct from their tax burden if they qualify for the federal Lifetime Learning tax credit?

$2,000
$1,000
$300

... Adult students who qualify for the Lifetime Learning tax credit can deduct up to $2,000 annually to offset the cost of education expenses.

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