FAFSA & Furious
What does FAFSA stand for?
Free Application for Federal Student Aid
What’s the federal grant for students with exceptional need?
Pell Grant
Name the 5 sections that make up the Administration Module
(1) Building Blocks, (2) Campus Info, (3) Communication, (4) Data Analysis, (5) Awarding
Math Attack!
Sub = 0 , Unsub = 7500 (4th yr)
COA 96,556 - FM SAI 13,951 - Grant 83,156 = -551 so no sub and only unsub
What does SAP stand for?
Satisfactory Academic Progress
What form(s) may we require to verify a household income?
IRS Tax Return Transcript or W-2s
What are the different application pathways for a student to receive aid through NYS?
(1) FAFSA, (2) NYS Dream Act & (3) Alternate Eligibility Pathway
You need to disconnect a session in PowerFaids. Tell me the pathway that you take.
Administration > View > Campus Info > Basic Parameters > License Sessions & Parameters
What was the deadline in which schools could no longer make new Federal Perkins Loans?
September 30th, 2017
What is the minimum cumulative grade point average a student must maintain to meet SAP standards?
2.0
What does “EFC” stand for, and what replaced it?
Expected Family Contribution → now replaced by the Student Aid Index (SAI)
True or False: You can receive both a Pell Grant and an SEOG.
True!
What is the difference between global comments and award year specific comments?
Global comments allow you to enter a comment one time and have it visible across several award years.
What are the topics covered in Direct Loan Entrance Counseling?
Repayment terms, budgeting, and responsible borrowing
What is the name of the Colgate committee which oversee SAP appeals?
Committee On Standards And Academic Standing (CSAS)
What is the maximum Federal Pell Grant amount for 2025–26?
$7,395 for the 2025–26 award year
Math Attack!
EFC: 2,410
COA 96,606 - Pell 7,395 - Grant 85,101 - WS (original) 1700 = $2410
Colgate uses 6 of the 13 tracking statuses available in PowerFAIDS. What are they?
BONUS: 100+ if you provide both the 2 letter abbreviation and full name
IP - incomplete for packaging
RP - ready for packaging
AW - awarded
AR - awaiting reply
ID - incomplete for disbursement
RD - ready for disbursement
What’s the current interest rate for Federal Direct Subsidized Loans for undergraduates?
6.39%
What does “maximum time frame” mean in SAP?
Students must complete their program within 150% of the published program length, aka their maximum time frame.
According to NASFAA, what are 5 of the most common errors made on the FAFSA?
(1) Listing an incorrect Social Security Number or driver's license number
(2) Incorrectly filing income taxes as head of household
(3) Listing marital status incorrectly
(4) Failure to list both parents if they live together
(5) Forgetting to list the college code
What is the order in which resources will be reduced when an outside scholarship is reported to the financial aid office?
(1) EFC, (2) loans, (3) work study & (4) grant
CollegeBoard, originally known as the College Entrance Examination Board (CEEB), was founded in what year?
Bonus: 100+ if you can name 2 of the 12 original colleges who sent representatives to establish CEEB
1899
Bonus: Columbia, Colgate, Uni of Penn, NY Uni, Barnard College, Union College, Rutgers Uni, Vassar, Bryn Mawr, Goucher College, Princeton, Cornell
The National Defense Student Loan was the first federal student loan program and was created in 1958 following what act and event?
BONUS: 100+ if you can explain the goal of the act which created the program.
National Defense Education Act after the Soviet Union launched Sputnik.
BONUS: goal was to increase the number of scientists and engineers
While it depends on why a student was failing SAP, in general, what are the 3 things are normally included in an academic plan following successful SAP appeal?
GPA goals, minimum credits per term and academic checkpoints