Benefits and Costs
This non-monetary benefit of going to college or trade school involves meeting new people.
a. Connections
b. Salary
c. Investment
What is a. Connections?
If you are filling out a 2020-2021 Fafsa, you will need your tax filing information from this year.
What is 2018?
This option may allow you to lower your loan payments and make one loan payment instead of many each month.
What is consolidation?
This type (2 items) of financial aid is known as free money.
What are grants and scholarships?
It can cost up to this amount of money to get scholarship information.
What is $0?
The most expensive cost of college after (and sometimes before) tuition.
What is room and board?
What you receive after filling out the FAFSA.
What is the SAR or Student Aid Report?
As a rule of thumb, student loan debt should not be greater than this.
What is your expected first year's salary?
The steps you can take now to help pay for college (long before filling out the fafsa).
Not doing this is one of the biggest errors you can make as it will keep you from qualifying for federal aid.
What is filling out the FAFSA?
Your expenses (other than tuition and books) may be reduced or kept in check by creating this.
what is a budget?
What is your interest? Or total loan cost?
This type of loan is generally higher in interest and is not taken out by undergraduate students.
What is a Direct PLUS loan?
A student loan will go into default after this number of days of non-repayment.
What is 270 days?
The formula for calculating the net price of college.
What is Sticker Price minus grants and scholarships?
What EFC stands for.
What is Expected Family Contribution?
The typical grace period before you have to start paying back student loans after you graduate.
What is 6 months?
This type of financial aid must be paid back, but the government makes the interest payments while you are in school.
What is a subsidized federal loan?
Sissy was planning on going to a school that costs $25,000 a year. After she registered, she realized that she wasn't going to have enough money to pay for it. Sissy should have read this more carefully to see how much aid she was going to get.
What is financial aid statement? or award letter?
A college graduate can expect to earn this much more over the course of a career than a high school graduate.
What is $1,000,000.
The two types of information on an award letter that may be misleading.
What are Direct PLUS loan amounts and Work Study amounts?
These two options are available if you are unable to make any loan payments at all.
What are deferment and forbearance?
The four types of financial aid in the order of most attractive to least.
What are Grants & Scholarships, Work Study, Federal Loans, and Private Loans?
If you make your student loan payments, but have not paid them off in 25 years, this happens.
What is student loan forgiveness?