True/False
New York is one of the top three most expensive places to go to school in the United States?
(True) New York, California, and Texas are the top three most expensive places to go to school in the U.S.
What is a student loan?
A student loan is money given to the student to borrow to help them pay for college
DOUBLE JEOPARDY Define assistantship.
An assistantship is a program, usually given by the school, in which students can be assistants to faculty on campus
What part of the scholarship will best set you apart from the rest?
Essay
About how many Americans have student debt?
(Hint:____ million)
Forty million
You should ask anyone for a recommendation letter for your college application.
(False) You should ask a trusted adult who you know well and that knows about your strengths and activities you are involved in.
What does FAFSA stand for?
Free Application for Federal Student Aid
Why are work study programs convenient for college students
You get paid
Don't have to travel far
Low maintenance jobs
Part time (works with your class schedule)
What are scholarships?
A scholarship is money that can be used for college and does not have to be repaid
What type of student loan is given by the government?
Federal Student Loan
Anyone can use a waiver for sending SAT scores to colleges.
(False) You have to be eligible to receive fee waivers
What are the two types of student loans?
Federal and Private
How should college students prioritize their budgets?
(Hint: _____ comes first,_____ come later/after.)
Needs, then Wants
If you don't have good grades, can you still receive a scholarship? Why?
There are tons of scholarships that do not focus on grades. Instead they reward students for their outstanding characteristics such as leadership and community service.
What U.S Department runs the Federal Student Aid program?
U.S Department of Education
There are THREE types of federal student loans.
(True) Direct Subsidized Loan, Direct Unsubsidized Loan, Direct PLUS Loan
Name THREE ways in which the FSA helps students pay for their education?
Loans, Grants, Work Study
On average, how much is a college deposit fee?
$200-300
Why are scholarships better than loans?
Scholarships are "gift aid"; they do not need to be paid back.
Which is better: federal or private student loans? Explain why.
Federal;
Loans aren’t due until after you graduate/ leave school
Interest rate is fixed and lower than private loans
You don’t need a credit check to qualify (except for PLUS loans)
Government pays interest on your loans while you’re in school (subsidized loan)
You cannot go to college unless you or your family has a lot of money and can pay for you to attend college.
(False) There is a lot of financial aid available for students, especially for low-income students.
What are THREE basic eligibility requirements for a financial aid package from FSA?
Present Financial Need
U.S Citizen or eligible non-citizen
Enrolled in an eligible degree program at a college/university/career school
What were TWO pros and TWO cons discussed regarding working in college?
Pros
Your own source of income
Less dependent on family
Teaches you balance, responsibility, discipline, and time management
Increase experience before graduating
Cons
Less social time
Less time for school work (managing time for both may become stressful)
Less time for college experiences (campus clubs, campus events, etc.)
Why is being a well-rounded student important when it comes to applying for scholarships and college?
Being well-rounded shows that you can balance school work as well as being an active member in society. This is more appealing to schools and organizations that give out scholarships because it helps your productivity and work ethic
What type of student loan does NOT have a fixed interest rate? Where are these loans given?
Private; schools, banks, credit unions, businesses, organizations