FINANCIAL AID
True or False: You only need your parent's tax info to fill out financial aid documents
What is False?
How many times do you need to fill out FAFSA?
What is 4 times?
Once for each year of college
What are Federal Direct Unsubsidized Loans?
What are loans that start accruing interest the moment you take it out?
This is not need-based
Do you have to pay back grant/scholarship money?
What is no?
What is a SIR?
What is a Statement of Intent to Register?
Applicants who have been offered admission should notify the campus of their acceptance and if required, make a deposit by the specified campus deadline.
What's the name of the financial aid program that allows students to work part-time on campus?
What is Work Study?
How much does it cost to fill out FAFSA?
What is ZERO dollars?
It's free!!!
What are Federal Direct Subsidized Loans?
What are loans in which the government pays the interest while you are still in school?
True or False: You can only get scholarships if you apply to them.
What is false?
Though there are many you can (and should) apply for, schools can give scholarships based on need and merit.
What is an RA and what are their duties?
What is a Resident Advisor?
A trained peer leader who supervises those living in a residence hall or group.
True or False: You need Tax documents from two years prior to the academic year you are applying for
What is true?
'20 will need tax docs from 2018, '19 will need tax docs from 2017
What is the FSA ID?
What is the username and password for FAFSA?
True or False: You must start paying back your subsidized loans right after you graduate college
What is false?
You have a 6-month grace period
What is merit based aid?
What is aid awarded based on student test scores, grade and talents?
What does room and board include?
What is the cost of living in a dorm and a meal plan?
Who is eligible to receive federal financial aid?
US citizen, a permanent resident, a HS graduate/GED, have a valid social security #, and be enrolled in a postsecondary education
TRUE OR FALSE: You can send FAFSA to as many schools you want
What is True?
You can only send you to 10 schools at a time but you can always go back, delete schools after you sent it to them and add new schools.
True or False: You can only take out either a subsidized or unsubsidized loan.
What is false?
Subsidized
Unsubsidized
Direct PLUS
Parent PLUS
Direct Consolidation
Private
etc.
Need based or merit based: Which scholarships usually give more money?
What is merit based.
What is the academic subject area that a student chooses to focus on during their undergraduate studies?
What is a major?
What does FAFSA stand for?
What is Free Application for Federal Student Aid?
What is the EFC and what does it determine?
What is Estimated Family Contribution?
It is how much your family can contribute for one year. Colleges use it to determine how much aid you qualify for.
What is Master promissory note (MPN)?
What is a legal document where you promise to repay your loans and accrued interest and fees. Also explains the terms and conditions of your loans.
True or False: All scholarships can be applied all 4 years of school.
What is False?
Through scholarships from school are renewable, outside scholarships that you apply to on your own are only good for your first year of college.
What is a blue book?
What is a type of test administered at many post-secondary schools in the United States?
Blue book exams typically include one or more essays or short-answer questions.