Financial Aid 101
The form you need to fill out every year to reapply for college financial aid from the federal government:
What is the FAFSA?
Name of fund you should have available to cover unexpected expenses; and how much should it equal:
What is an emergency or “rainy day” account equal to between three and six months of your salary.
Free money that you do not have to pay back.
What are scholarships and grants
A record of how a consumer has repaid credit obligations in the past; shows payment history, late payments, liens, debt forgiveness, bankruptcy filings, and number of inquiries by prospective lenders.
What is credit history and what it contains.
What is the name of Indiana Community College
What is Ivy Tech?
FAFSA Application can be submitted starting on this date
What is October 1st
Convenient way to spend money that is an alternative to checks or cash and is linked directly to bank account
What is a debit card
The ability to borrow money and pay it back, usually with interest
What is credit
Maintain credit histories and provide lenders with credit scores.
What do credit reporting agencies do?
This school has won 10 state football championship
Who is Ben Davis
Money to pay for higher education that does not have to be paid back
What are grants and scholarships
If I make $10/hour and work 10/ week, why isn’t my weekly check $100?
What are taxes
You should start this process in your junior year.
What is apply for scholarships
A nine-digit identification number unique to each individual
What is a social security number
21st Century Scholar and O'Bannon Award
What are grant programs in Indiana
Money that has to be paid back.
What is a loan
How much I have available to spend having fun?
What is a budget
High School juniors and seniors should do this?
What is researching and visiting college campuses either virtual or in person?
An example of this is when a thief opens a new credit card account in your name and runs up charges
What is credit card fraud?
2024 National Champion Runner Up
What is Purdue! BOILER UP
The cost of borrowing money.
What is interest
If I have $26 in my checking account and make a purchase of $26.03, what happens?
What is overdraft fee
Most schools use this to apply for admissions
What is the common application.
File a police report and get a copy for your files
What is an important step to take if you are the victim of Identity Theft
The fastest and easiest way to find scholarships?
What is Sallie Mae scholarship Search. www.salliemae.com/scholarship