Financial Aid Basics (1)
Grants & Scholarships
FAFSA (2)
Student Loans (4)
Choosing A College (5)
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

a federal grant program to assist low-income students in attending institutions of higher education

What is a Pell Grant

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 4 types of degrees you can earn at a 4-year college & university
What is bachelors, Masters, Doctorate and Professional
300

Creating this first before filing FAFSA is important

What is FSA ID 

300

What website is MHS's Scholarship Portal on?

What is - The Community Foundation 

300

The amount the federal government determine your family should be able to contribute to your education?

What is SAI? Student Aid Index

300
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan
300

What are three considerations for selecting a college

Major (does it have your specific)

Financial Cost

400
The tax forms I need to file FAFSA for 2026-2027 are

What is the 2024 Tax Return?

400

I should look at the college and major's website to see if I am eligible for 

Freshman Major Specific Scholarships

400

I can send my FAFSA Report to this many schools

20 

400

A program in which a borrower's loans are paid off in exchange for paid work under particular conditions set by the institution that sponsored the loan.

Loan Forgiveness

400

Which of the three Public Universities in Iowa has the lowest tuition? (Iowa, Iowa State, UNI) 

UNI

Iowa State 

Iowa

500

For financial aid purposes, these are students who are not reliant on parents for financial support and live apart from their parents

Independent Student

500

Do I have to file the FAFSA every year I am in college to qualify for a Pell Grant?

You have to file the FAFSA every year to qualify for a Pell Grant

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

Should I select Federal or Private Loans when selecting? 

Federal loans generally have more borrower protections, such as income-driven repayment plans and forgiveness programs.

Private loans may offer different interest rates or terms but lack the same repayment flexibility.

500

What is the most expensive private college in the state of Iowa

Grinnell College

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