FAFSA's ARE COOL
ACRONYMS
PAYBACK TIME
SCHOOLIN' EM
100
True or false: You need to go to the FAFSA office to fill out a FAFSA each semester.
False. Do it online at www.fafsa.ed.gov
100
FAFSA
Free Application for Federal Student Aid
100
What is the difference between a loan and a grant?
A loan must be paid back, a grant is a gift.
100
How long does it take a full time student to complete an Associate's Degree?
2 years
200
When can you start filling out your FAFSA?
January 1st
200
PIN
Personal Identification Number
200
True or False: the federal government will give you a loan.
True- it is called a Federal Loan.
200
Name a UC school
UC Berkeley, UCLA, UCSB, UCSB....
300
What are 4 things you need to apply for your FAFSA?
SSN, W-2s, bank statements, PIN #
300
SAR
Student Aid Report
300
Loans and Financial Aid cover school expenses, including Room and Board. What is room and board?
a place to stay and food to eat.
300
What is the average annual income for someone who has completed high school? A. 33,000 B. 35,000 C. 37,000 D. 39,000
A. 33,000
400
Special applications take place for ____________ and _______-_________ youth with clearance from a corresponding agency.
homeless and foster-care youth
400
COA
Cost of Attendance
400
What is deferment?
With a deferment, your loan is frozen in time- interest doesn't accrue and you aren't required to make any payments.
400
How many credits does it take to earn a B.A.? A. 90 B. 100 C. 110 D. 120
120
500
What does SAR stand for?
Student Aid Report
500
EFC
Expected Family Contribution
500
What is the average rate for student loans? A. 2.1% B. 3.9% C. 4.5% D. 5.2%
3.9%
500
In addition to earning credits, a PhD student must also complete a ____________ in order to graduate?
Thesis or dissertation
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