FAFSA
What does FAFSA stand for
Free Application for Federal Student Aid
What type of aid does not need to be repaid
Grants and scholarships (Gift Aid)
What does COA stand for
Cost of Attendance
What is an organized outline of all your personal expenses compared to your income
What is the name of the UTRGV mascot
The Vaquero "Victory"
What day does FAFSA typically open every year
October 1st
What are the three types of aid you can get to pay for college
Grants and scholarships (Gift Aid)
Work Study (Earned Aid)
Loans(Borrowed Aid)
What is the name for fees paid directly to the school you are attending
Direct Costs
What is a three digit number that allows financial institution to determine your trustworthiness with a loan
A credit score
What was the original name for UTRGV
UTPA [University of Texas Pan America]
What is the name of the need based grant awarded by the FAFSA
The Pell Grant
What are the two types of loans you can borrow for college
Subsidized and unsubsidized loans
What is the name of the document universities send to let you know the estimated amount of aid you will receive.
Award Letter
What is the term for the increased prices of goods that diminishes the purchasing power of your currency
Inflation
What is the hand sign UTRGV students throw up to show spirit (must do the hand sign)
V's up
what is the name of the number that FAFSA uses to quantify a students financial aid
SAI (Student, Aid Index)
Where can you find scholarships?
Financial aid websites, high school counselors, local foundations and community groups.
What is the name of costs that are incurred while attending school but are not paid to your university directly
indirect costs.
What is the difference between a credit and a debit card.
A credit card is a tool that allows you to borrow a certain amount of money that you will eventually need to repay.
A debit card is a tool that allows you to draw from money that you already have in your account
UTRGV has two main campuses that are located where?
Edinburg and Brownsville
Who are contributors on the FAFSA form
A parent or guardian, spouse or student themselves when applicable (anyone who is required to provide their information and signature)
What is the difference between Federal and Private loans
Federal loans have lower interest rates, more flexible repayment options, and options for loan forgiveness
If you have questions regarding your student bill or financial aid, who should you contact?
The financial aid office
what is the difference between an asset and a liabliity
An asset is something that you own that will hold or grow in value over time. (EX: land, buildings)
A liability is debt that you will owe to someone else (EX: cars, luxury goods, unpaid credit card)
What year was UTRGV originally established
2015