Financial Aid Basics
Grants & Scholarships
FAFSA
Student Loans
Choosing A College
100
FAFSA is an acronym that stands for this
What is the Free Application for Federal Student Aid?
100
These are the 3 forms of financial aid
What is Grants/Scholarships, Loans and Workstudy
100
This is the earliest students can complete the FAFSA every year
What is October 1st
100
A postponement of a loan payment
What is Deferment
100
The types of degrees that you can earn at a 2 year college
Certificate, diploma, Associates
200
This is what Undocumented students can complete to receive MN State Aid
Who is the Minnesota Dream Act
200
The amount of credits a student must be enrolled in to be considered full time financial aid eligible?
What is 12 semester credits?
200
These types of students must submit financial information for their parents on the FAFSA
What are dependent students?
200
The type of federal direct loan in which the government pays the interest on while the student is still in school
What is a Subsidized loan
200
The median monthly income you can earn with an associates degree
What is $3,458
300
This is the amount you may be reimbursed for by an employer that offers Employer-pad Tuition Assistance
What is $5,250
300
What males ages 18-25 must register for in order to receive federal aid?
What is the selective service?
300
This is the height of the shortest NBA player of all time.
What is 5'3? Muggsy Bogues who played predominantly for the Charlotte Hornets.
300
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan
300
The 4 types of degrees you can earn at a 4-year college & university
What is bachelors, Masters, Doctorate and Professional
400
This is the cost of attendance at a State University and living on campus
What is $19,548
400

This is an institutional award for students to demonstrate additional financial need and can provide $100-$4,000 in additional funds above and beyond Ohio State & Pell Grants

What is the Federal Supplemental Educational Opportunity Grant (SEOG)

400
This is the combination of a families income and net worth used to determine financial aid eligibility
What is EFC?
400
The monthly repayment amount for a student who has borrowed $20,000 in loans
What is $230
400
The median weekly income for someone who earns only a high school diploma
What is $678
500
What Minnesota Residents can apply for when attending colleges in WI, ND, SD, IA or Manitoba
What is reciprocity?
500
a community service opportunity available for students to help finance part of their education (hint: Ms. Criss was one!)
What is AmeriCorps?
500
Name 3 of the qualifying events that qualify as a change in financial status due to a special circumstance
Loss of a job, serious illness, disability, significant medical expenses, Separation or Divorce, Death in the Family
500
The amount of a direct stafford loan that an independent student can receive while in their 4th year of college
What is $12,500
500
The measurement of the percentage of first year, full time student enrolled in college that return to that same college in known as the __________________ rate
What is retention
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