Financial Aid Facts
The amount of credits a student must be enrolled in to be considered full time financial aid eligible?
12 Credits
What do the letters FAFSA stand for?
Free Application for Federal Student Aid
The direction of study you choose to pursue at a college or university
Your major
A postponement of a loan payment: must be officially requested, and you must meet certain requirements.
deferment
In poker, this is commonly used as a wild card
the joker
This type of financial aid that must be paid back.
How often does the FAFSA need to be completed?
An official record from your current high school giving a breakdown of the marks or grades you have achieved during your study.
Your transcript
The length of the 'grace period' after graduation before you must start repaying your college loans.
6 months
This plant's scientific name is Toxicodendron radicans
poison ivy
This type of financial aid is need-based, but must be earned through a job.
Work-Study
The date the FAFSA application period opens
October 1
A response from a college that means that your application needs to be reconsidered - it does not mean 'no!'
Deferral
The type of federal direct loan in which the government pays the interest on while the student is still in school
Subsidized Loan
According to Guinness World Records, what's the best-selling book of all time?
The Bible
This type of financial aid is based primarily on financial need and does not need to be paid back.
Grants
You or your guardians' ability to pay the costs of your education (abbreviated as EFC)
Expected Family Contribution
Minnesota Residents can apply this program for when attending colleges in WI, ND, SD, IA or Manitoba
Reciprocity
The type of loan in which interest accrues while the student is in school.
Unsubsidized Loan
The only U.S. state to have hosted the Olympics in the 21st century
Utah
This type of financial aid can be need-based, but is usually merit-based, and awarded for academic, athletic, or extracurricular accomplishments?
Scholarships
The number of colleges you can indicate on your FAFSA to send your financial aid information to.
10
This program promises free tuition for any Minnesota resident whose family Adjusted Gross Income falls below $80,000.
The Minnesota Northstar Promise
The average amount of student loan debt held by college graduates
$31,000
Whitney Houston went to the top of the music charts in 1992 with a remake of which Dolly Parton song?
"I Will Always Love You"