The Application
FAFSA
What is Free Application for Federal Student Aid
True or False: Scholarships and grants are free money that you do not have to repay
What is TRUE
True or False: Loans are free money that don't have to be repaid.
What is FALSE
You'll need to pay for these in order to study for your classes
What is books & supplies?
Five Ivy League Schools
What are Princeton, Harvard, Yale, UPenn, Brown, Dartmouth
How you calculate a student's financial need
What is Cost Of Attendance (COA) - Expected Family Contribution (EFC) = Need
Food, housing, and living expenses
What is room and board?
The five regents needed to graduate from a NYC public high school and earn a Regents Diploma
What are English, Global History, US History, Science, Algebra
Federal Work-Study Program
What is financial aid that you receive for working at the college that you are attending
True or False: You have to have high grades and be low income to receive a scholarship
What is FALSE
6 Years
What is the maximum lifetime of the Federal Pell Grant.
5 things included in COA
What is tuition and fees, room and board, books, supplies, and other expenses/miscellaneous
The difference between a private school and a public school
What is private schools are funded by students and endowments; public schools are funded by the different governments and taxpayer dollars.
October 1st
What is the date that you can begin filling out your FAFSA in your senior year
Athletic Scholarship
What is money that you can receive from a school for playing a sport
Direct PLUS Loan
What is a loan taken out by parents to pay for their child's college costs.
Break down a student's financial aid and their amounts
What is an award letter given by a college.
True or False: You can write off student-loan interest on your federal tax return
What is True
EFC
Estimated Family Contribution
Pell Grant
What is a federal grant that you can receive for being low income. You qualify for more the lower your income.
Available to undergraduate students with financial need.
What are Direct Subsidized Loans.
Pay their interest while in college
What is a college student reducing the cost of their student debt while in college.
Need and merit
What is qualification for financial aid