FAFSA
Which loan type allows the government to pay your interest while in school?
What is Subsidized?
These are expenses billed directly by the college, such as tuition and housing.
What are direct costs?
You receive an acceptance letter from a college but no financial aid information yet. What document are you waiting on to make your decision?
What is financial aid award letter?
This Quality Enrollment pillar focuses on ensuring your grades and test scores align with a school’s profile.
What is Academic Match?
The first “F” in FAFSA stands for this.
What is Free?
Which repayment plan usually pays the least total interest?
What is Standard Plans?
True or False: Two students at the same college can have completely different COAs.
What is True?
— based on lifestyle, living situation, aid packages.
You’re accepted to two colleges. One costs $30K with $20K in aid; the other costs $20K with $10K in aid. Which is cheaper to attend?
What is neither — both have a $10K net cost?
This pillar is about how well a college supports your identity, needs, and goals.
What is Personal Fit?
You can list up to this many schools on your FAFSA at one time.
What is 20?
This repayment plan is one of the few that can qualify borrowers for federal loan forgiveness after consistent payments.
What is an income-driven repayment plan?
The amount you’ll actually pay after aid is applied (subtracted).
What is net cost?
A student takes out $5,000 in loans at 5% interest. Paying an extra $25 per month saves both of these things.
What are time and interest?
A student chooses a college with a strong major and full aid but no tutoring or counseling services. Which pillar is being overlooked, and why does it matter?
What is Completion Support — lack of support increases the risk of dropping out?
A student who doesn’t complete the FAFSA misses out on these three major forms of aid.
What are grants, work-study, and federal loans?
Paying loans on time builds this three-digit number that determines future borrowing power.
What is your credit score?
A student’s COA is $28K. They receive $15K in grants/scholarships and $6K in loans. What’s the net cost?
What is 7k?
You got a $10,000 scholarship and a $10,000 loan. Which one lowers your net cost more?
What is the scholarship?
Maria wants to study marine biology and is considering going to U of H because of its strong academic program. Which pillar is she considering most?
What is Personal Fit?
True or False: Completing the FAFSA qualifies you for both federal and state aid programs.
What is True?
Paying more than your monthly minimum reduces this part of your loan first
What is the principal?
Two students attend the same college, but one lives on campus and one commutes. Their COA will differ mainly because of these types of expenses.
What are indirect costs?
A student takes out an extra $3,000 in unsubsidized loans to cover dorm living instead of commuting from home. If their interest rate is 7%, what is their estimated total repayment cost?
What is $3,840?
Miss Holley chose to attend TSU because she earned a full-ride scholarship. Later, she realized the school didn’t offer the major she needed to become a history teacher.
Which pillar of the Quality Enrollment Framework did she prioritize, and what important factor did she overlook?
What is Financial Fit — she prioritized affordability but overlooked Personal Fit, since the school didn’t align with her career goals or intended major.