Financial Aid
True or False: You cannot receive financial aid if your family makes too much money.
False. Aid eligibility considers many factors beyond income.
What is the term for free money that does not need to be repaid?
Grant or scholarship
What does EOF stand for?
Educational Opportunity Fund
A student who lives off-campus and travels to school, as opposed to living on campus in dorms.
Commuter
Who recently won the Heisman Trophy for college football?
Travis Hunter
A program that provides part-time jobs for students to earn money for college expenses.
Work Study
Name one federal grant given to students by completing financial aid
Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
TEACH Grant (Teacher Education Assistance for College and Higher Education Grant)
What is the most common undergraduate major in the United States?
Business
Someone who oversees dorm residents.
Resident Assistant "RA"
What is the most popular major chosen by incoming freshmen?
Business
What is the federal deadline for submitting the FAFSA?
June 30th
A low-interest federal loan program for students with exceptional financial need.
Perkins Loan Program
An essay describing your experiences, goals, and why you’re a good fit for a college.
Personal statement
A secondary area of study that complements your major, requiring fewer courses.
Minor
What percentage of college students take at least one online course?
30%
What is the grace period for paying back federal student loans?
Six months, leaving school, dropping below half-time enrollment
Loans that do not accrue interest while the student is in school
Subsidized loans
A course that must be completed before enrolling in a more advanced class.
Prerequisite course
Occurs when a student’s GPA falls below a certain threshold. To regain good standing, students must typically improve their grades, meet with academic advisors, and utilize campus resources like tutoring or counseling. Failure to improve may lead to dismissal from the college.
Academic probation
What is the oldest institution of higher education in the US?
Harvard University, founded in 1636
How long is the standard repayment term for federal student loans?
10 years
Temporarily postponing loan payments under specific circumstances, like attending graduate school.
Deferment
What is a rolling admission policy?
Rolling admission means colleges review applications as they are received and make decisions on a continuous basis, rather than waiting for a specific deadline.
Physical and emotional exhaustion from prolonged academic stress
Academic burnout
What is Rutgers team name?
Scarlet Knights