Financial Aid 1
What does FAFSA stand for?
Free Application for Federal Student Aid
What type of aid does not have to be repaid?
Grants and Scholarships
What does “COA” stand for in financial aid terms?
Cost of Attendance
What is the difference between tuition and room & board?
Tuition is the cost of your education (classes), Room & Board is what is costs to live and eat on campus
False!!!
What date does the FAFSA typically open each year?
October 1st
What is the federal grant awarded to students with significant financial need?
Pell grant
What will you recieve that will tell you how much aid you are being given per school?
Financial aid award letter
What’s the term for the number the FAFSA generates to determine your financial need?
Student Aid Index (SAI), previously known as Expected Family Contribution (EFC).
True or False? I have to fill out the fafsa every year!
TRUE!!
What is work-study?
A program that allows students to earn money through on- or off-campus employment
Who are FAFSA contibutors?
student, spouse, biological or adoptive parents or their spouce if they remarried and provide the most income
Name two examples of indirect college costs.
Books, supplies, transportation, personal expenses, etc.
Why is it better to take our federal loans rather than private loans?
Lower interest rates, repayment after graduation and no credit check
Approx. $_____ million in private scholarship money goes unclaimed due to a lack of applicants for specific or local opportunities.
$100 million!!!!!
What is the difference between a subsidized and unsubsidized loan?
The government pays the interest on subsidized loans while you’re in school; unsubsidized loans accrue interest immediately.
This is a scholarship I should 100% apply to and is due... and has a geographical location attached to the name...
PCF! February 17!
This scholarship is open to students of all races who identify as being of Hispanic heritage with a deadline of February 15
Hispanic Scholarship Fund!
What is the SAI range?
-1500 to 999,999
Who can you go to for support for reading and understanding your financial aid award letters?
College Counseling Team!
Angel, Quincy, Courtney, Dee!