Financial Aid Basics
FAFSA is an acronym that stands for this
What is the Free Application for Federal Student Aid?
These are the 4 forms of financial aid
What is Grants, Scholarships, Loans and Work Study
A postponement of a loan payment
What is Deferment
The types of degrees you can earn at a 2 year college
Certificate, diploma, Associates
This is what Undocumented students can complete to receive CA State Aid
What is the California Dream Act Application or CADAA
Scam or Not a Scam: This scholarship is guaranteed or your money back!
What is a Scam
The median weekly income you can earn with an associates degree
What is $1,058 to $1,099
This is the maximum amount you may be awarded for by Pell Grant
What is $7,395
Scam or Not a Scam: Blue and Gold UC Financial Aid
What is Not a Scam
The amount of credits a student must be enrolled in to be considered full time for financial aid eligibility
What is 12 semester credits?
The type of loan in which interest accrues while the student is in school
What is Unsubsidized loan
The 4 types of degrees you can earn at a 4-year college & university
What is Bachelors, Masters, Doctoral and Professional Degrees
Direct Costs + Indirect Costs, equals what
What is Cost of Attendance
This is a grant for undergraduate students with exceptional financial need and is administered directly by the financial aid office at each participating school
What is the Federal Supplemental Educational Opportunity Grant or SEOG
Cost of Attendance - Student Aid Index, equals what
What is Financial Need
The monthly repayment amount for a student who has borrowed $20,000 in loans
What is around $200
The median weekly income for someone who earns only a high school diploma
What is $930 to $946
This is an eligibility index number that a college or career school's financial aid office uses to determine how much federal student aid the student would receive if the student attended the school
What is Student Aid Index or SAI
To be eligible for Cal Grant, students must apply on or before this deadline
What is March 2nd, 2026
Name 1 of the qualifying events that qualify as a change in financial status due to a special circumstance
Loss or reduction of income, significant medical/dental expenses, Separation or Divorce, Death in the Family
The amount of a subsidized loan that a dependent student can receive while in their 1st year of college
What is $5,500
The median weekly income you can earn with a Professional degree
What is $2,363