Scholarship Basics
This is money for school that usually does not have to be paid back.
Scholarship
This is money that helps students pay for education after high school.
Financial Aid
This type of aid usually does not need to be paid back.
Grant.
Students usually begin seriously applying for scholarships during these high school years.
Junior and Senior years.
Paying for college with less debt can help you save money for this future expense.
Housing/Apartment rent.
Scholarships may be awarded for grades, sports, arts, leadership, or this type of service to others.
Community Service
FAFSA stands for this important application students complete for aid.
Free Application for Federal Student Aid.
This type of aid is borrowed money that must be repaid.
Loan.
This person at school can help students find scholarships and financial aid information.
School Counselor
Financial aid knowledge helps young adults make smarter decisions about this.
Money
True or False: You must have perfect grades to get a scholarship.
False
Financial aid can help pay for tuition, books, housing, and which other two daily necessities?
Food and meal expenses.
Which is generally better to receive first: a grant or a loan?
Grant.
True or False: You can only apply for one scholarship.
False
A student who earns scholarships may need fewer of these after graduation.
Loans.
Name one or more places students can search for scholarships.
Internet, School counselor, College website, or Scholarship website.
True or False: Financial aid is only available for universities.
False.
This is extra money paid when paying back many loans.
Interest.
Name one or more items students often need when applying for scholarships.
An essay, Transcript, Recommendation letter, or Application form.
Learning about financial aid is part of preparing for what type of living?
Independent Living.
Why is receiving a scholarship beneficial?
To reduce college costs and avoiding debt.
When should students begin learning about financial aid opportunities?
During Middle School or Early High School
Why should students borrow only what they need?
To avoid large debt later.
What can happen if you miss a scholarship deadline?
You might lose the opportunity to receive the scholarship.
Name atleast two or more benefits of applying for scholarships.
Saving money, Reducing debt, Paying for books, Helping with tuition, Reducing stress, etc..