Grants and Loans
The two big grants awarded to students based on financial need
MAP and Pell grant
Students should enter their name on the FAFSA as it appears on their ____
Social securtiy card
Parents report their citizenship stats on the FAFSA or alternative application for Illinois Financial Aid- True/False
False
Illinois State University
Normal
The largest source of financial aid
US department of education
Name a circumstance where a dependent student would not be eligible to receive the map grant
their parents are not a resident of Illinois, they attend an out of state institution, they do not attend a MAP approved school
If a 24 year old PHD student wants to complete the FAFSA, they will not provide parent information (TRUE/FALSE)
TRUE
Drew is 21 years old and has an I-94 from DHS with Refugee designation. For purposes of the FAFSA, he is a ___ ___
eligible noncitizen
Lake land college
Mattoon
Financial aid is...
money borrowed, given, or earned that can obtained from various sources to help pay for college
The direct loan limit for a first year/freshman
$5500
When created a studentaid.gov account, what should a student do if their name does not fit in the space provided
Enter as much of their name as they can until the space runs out
Carrie is 18 years old and has DACA, for the FAFSA she is a ____ ____
noneligible noncitizen
John A logan College
Carterville
The Student Aid Index (SAI) is
a number generated y the FAFSA that is used to determine Federal Aid Eligibility
This loan is based on a indvidual's credit
Direct plus loans
How does the student provide the affidavit that is needed to meet the RISE act eligibility criteria?
The affidavit is included in the application and completed by the student when signing the application
Alexi is 19 years old and has a F-1 visa, for purposes of the FAFSA she is a ___ ____
noneligible noncitizen
Kishwaukee college
Malta
This financial aid program required a one-time application
Illinois Veterans Grant (IVG)
The amount of payments a federal student loan borrower on a standard repayment plan must make
120
Data elements that are required on both the FAFSA and Alt App for Illinois Financial aid (3 elements)
Records of income, list of colleges the student would like to attend, records of investments if applicable
Elise is 20 years old and has a conditional green card. For purposed of the FAFSA she is a ___ ___
eligible noncitizen
Trinity International University
Deerfield
Students and/or parents who do not provide content to transfer tax information via DDX will...
be ineligible for federal student aid, need to enter their tax information manually, and application will likely take longer to complete