General
Where can students locate their financial aid offer(s)?
College portals
What are the four types of financial aid?
Grants, scholarships, work-study, and loans
Costs made directly to the college. It includes tuition (cost of classes) and housing & food.
Direct costs
True/False: You must NOT include money granted through work-study in your financial aid calculations.
TRUE
True/False: The financial aid application (FAFSA/CADAA) needs to be completed every year while you are in college.
TRUE
True/False: Loans are a type of financial aid that offer money you borrow to help with college expenses, but you have to pay back eventually with interest.
TRUE
Cost NOT made directly to the college. It includes books & supplies, transportation, and personal expenses.
Indirect costs
Type of cost that can be classified as direct or indirect based on a student’s choice.
Housing & Food
The number the government and colleges use to determine how much financial aid they will offer.
Student Aid Index (SAI)
A type of financial aid that allows you to work to pay for college.
Work-study
The remaining balance when you subtract financial aid from cost of attendance.
Out-of-pocket cost
True/False: All colleges will offer the same financial aid amount.
FALSE
Around what time of year should students have received their financial aid offers?
First week of April
What TWO types of financial aid is free money you don’t have to pay back?
Grants AND scholarships
True/False: My financial aid will be the same every year.
What type of jobs provide greater flexibility for students?
On-campus jobs and/or work-study jobs