FASFA BASICS
What does FAFSA stand for?
Free Application for Federal Student Aid
This type of aid usually does NOT have to be repaid.
Grants
Most recent high school graduates are usually considered this FAFSA status.
Dependent
FAFSA can be used at this two-year institution.
Community College
FAFSA should be completed every year.
True
FAFSA helps students apply for this type of assistance to help pay for college.
Financial Aid
This type of aid must be repaid after leaving school.
Loan
Dependent students usually provide this person's financial information.
Parent(s)
FAFSA can help students attending these hands-on career-focused schools.
Technical Schools
Federal financial aid can help students achieve this goal.
Paying for college / earning a degree or certificate
FAFSA is used at universities, community colleges, technical schools, and this type of school.
Training Schools or Vocational Schools
Which is generally better to receive first: Grants or Loans?
Grants
Independent students generally do not need this information on FAFSA.
Parent Financial Information
FAFSA is only for students attending four-year universities.
False
What is the most important FAFSA tip?
Complete FULL application early
Completing FAFSA can help students qualify for grants, loans, and this campus employment program.
Work Study
Borrowing more money than needed can create this after graduation.
Debt
Independent students report whose income information?
Their own and spouse (if possible)
FAFSA can help cover costs beyond tuition such as these supplies used in classes.
Books and Materials
Which aid is usually preferable?
A. Grant
B. Loan
Grant
FAFSA should be completed as early as possible because some aid is awarded on a first-come, first-served basis.
True
True or False: Loans are free money.
False
What makes a student independent?
Name any type of school that can participate in federal financial aid programs.
Community college, university, technical school, trade school, vocational school, training school
A student is attending a technical school, completes FAFSA, receives a Pell Grant and a federal loan. Which type of aid must be repaid?
Federal Loan