FAFSA
What is the acronym for FAFSA?
Free Application For Federal Student Aid
This resource is offered by places all around you. Businesses, non-profit organizations, schools, individuals, and others might have applications for these!
SCHOLARSHIPS!!!
A type of financial aid which must be repaid with/without interest.
Loans
If a student lives with both parents, who are the contributors?
Both
What source of aid allows you to earn additional income without being taxed?
Federal Work-Study
A federal program providing undergraduate and graduate students with part-time employment during the school year.
FEDERAL WORK STUDY
Does a student's parent have to create a new FSA ID if their older sibling has applied to FAFSA before?
No
What percent of First-Time College students receive some form of financial aid?
83.3% (Over 80%)
What is the deadline for FAFSA/CADAA?
March 2nd
What is the GPA between Cal Grant A and Cal Grant B?
Cal Grant A has a 3.0 minimum GPA requirement.
Cal Grant B has a 2.0 minimum GPA requirement.
If a student has a work visa, which application will they fill out for financial aid?
CADAA (California Dream Act)
A loan where the government pays the interest on the loan while the student is in school, during the six-month grace period.
SUBSIDIZED LOAN
What is the deadline to apply for State Aid, AKA Cal Grant?
March 2nd
What is the name of the loan where interest accrues daily?
Unsubsidized Loan
If a student lives with a non-legal guardian and their parents live in a foreign country, who is the contributor?
The student is considered independent and does not need additional contributors.
How does FAFSA determine how much aid a student will receive?
SAI (Student Aid Index)
What is the name of the grant typically awarded to students by the institution?
State University Grant
What is the maximum award amount for Pell Grant
$7,395
If a student's parents have a high income, should the student still apply for financial aid?
Yes, because they could be eligible for the Middle class scholarship or loans with typically a better interest rate.