So Many Acronyms, So Little Time
Fact or Fiction?
Prepared with ALL the Paperwork
Eligibility
Types of Financial Support
100
FAFSA is an acronym that stands for what?
What is the Free Application for Federal Student Aid?
100

Every college and university has the same deadline for submitting the FAFSA.

What is fiction?

100

This card with an eight digit number on it is necessary for you to complete your application

What is a Social Security Card?

100

What makes you eligible for a grant, scholarship, or loan?

Submitting the FAFSA each school year.

100

How much money is provided for students each year through the FAFSA?

What is $150 billion?

200
In order to calculate the amount of aid you will receive as a student, your college or career school subtracts your cost of attendance from your EFC, or expected family ____, to determine your overall financial need.
What is contribution?
200
The FAFSA is only available in English.
What is fiction? The FAFSA is also available in Spanish.
200
You'll need this document from your employer on hand to complete your FAFSA.
What is a W-2 form? You will also need records of any money you earned for the previous year
200

What are the eligibility requirements for TN Hope Scholarship?

3.0 or 21 ACT score

200

This federally-funded program helps students earn financial funding through part-time employment.

What is work-study?

300
FSA stands for what office positioned in the US Department of Education?
What is the office of Federal Student Aid?
300

It takes most people less than 30 minutes to complete the FAFSA online at FAFSA.gov.

What is a fact?

300

If you get picked for verification, you will have to submit this form?

dependent verification form

300

What cumulative GPA do you have to maintain for all grants?

2.75

300

In addition to scholarships, what is another type of "gift aid" can be offered by the federal and state government, your college or career school, and private or nonprofit organizations?

What is a grant? Grants and scholarships are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based.

400
Within a few days of completing the FAFSA, you will receive your Student Aid Report or __.__.__
What is SAR? This summarizes all the information you submitted on the FAFSA. Your SAR can be accessed online at FAFSA.gov
400

You only have to submit your FAFSA once.

What is fiction? You have to renew your FAFSA each year, as your financial information may change

400

What do you have to submit if you make an error on your or your parent's financial information? 

What is a copy of a tax return?

400

What overall GPA do you have to maintain to keep you TN Hope Scholarship?

3.0

400

Before you receive this type of financial support, you will be required to complete entrance counseling and sign a Master Promissory Note (MPN).

What is a federal student loan?

500
Your FSA ID on FAFSA.gov is primarily used as what two things?
What is a username and password? Your FSA ID is also used as an electronic signature. If you are a dependent, or require any parent information, your parent will need an FSA ID as well.
500

The schools go back two years in regards to income tax.

What is a fact.

500

What if your parents are not legally married, what do you have to submit?

Marital status form.

500

What GPA do you have to maintain in order to keep your Pell Grant?

2.75

500

Both direct subsidized loans and direct subsidized loans require you to pay what back to the lender?

What is interest? Interest is money paid to the lender in exchange for borrowing money. Interest is calculated as a percentage of the unpaid principal amount (loan amount) borrowed.

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