Acronyms
What does SAI stand for?
Student Aid Index. It is the number calculated, with information from the FAFSA/ORSAA, to determine a student's eligibility for college financial aid.
When does FAFSA stand for?
Free Application for Federal Student Aid
What are the two types of direct loans that the FAFSA offers?
1. Subsidized Loans
2. Unsubsized Loans
What does OSAC stand for?
Office of Student Access and Completion
What does OOG stand for?
Oregon Opportunity Grant
How many times should the FAFSA be submitted?
Every year that the student is going to be in college
This type of loan is offered to parents of college-going students. What is it called?
Direct Plus Loan (Parent PLUS Loan also acceptable answer)
What are the (3) Oregon specific aid applications available to students?
1. ORSAA
2. OSAC Scholarships
3. Oregon Promise
What does MPN stand for?
Master Promissory Note
When did FAFSA open this school year?
December 31st!!!
This type of loan has the lowest interest rate. Which one is it?
Options (pick one): Direct PLUS, Subsidized, Private, Unsubsidized
Subsidized Loans!
What does ORSAA Stand For?
Oregon Student Aid Application!
What does COA stand for?
Cost of Attendance
The three types of aid offered by the FAFSA
- Grants
- Loans
- Work-study
What is an example of a good debt?
- Student loan
- Home loan
Who is eligible to apply for ORSAA?
Undocumented students - Including Deferred Action for Childhood Arrivals (DACA) status - Who live and study in Oregon
What does SEOG stand for?
Supplemental Educational Opportunity Grant
What is FAFSA Verification?
- A process used by schools to ensure a student’s FAFSA info is correct.
- You will need to submit documentation to your school to review your FAFSA.
- Students selected for verification cannot be awarded financial aid until verification is complete.
Once students graduate from college, how many months are they given before they are required to start making student loan payments?
6 months!
What is Oregon Promise?
A state grant that helps to cover tuition costs at any Oregon community college for recent high school graduates and GED test graduates up to 90 credits.