Scholarships
TRUE OR FALSE: Scholarships need to be paid back.
False
Are grants based on financial need?
Yes
TRUE OR FALSE: Loans need to be paid back.
True
Does the FASFA need to be filled out every year?
Yes.
Funding that is available exclusively to students attending a post-secondary educational institution in the United States.
Financial Aid
What does a scholarship help students with?
Study, travel, or living expenses.
Are students working part-time or full-time when doing a work-study?
Part-time
Where do federal loans get awarded from?
The federal government.
Is there a set dues date for the FASFA?
No, it can change every year.
A rate you pay based off of a percentage of what you borrow from a financial institution.
Intrest
What are three school based ways a scholarship can be awarded?
Academic, athletic, and extracurricular.
What is a common grant that you can apply for?
Pell Grant
Do private loans have a set interest rate?
No
TRUE OR FALSE: You do not need to read the directions because they are always the same.
False
IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.
W2 Form
TRUE OR FALSE: Some states or schools have special scholarships set aside for students that attend public state schools.
True
What does a grant fund?
Student's education or research.
How long does the government usually wait before you have to pay your federal loan back?
6 months after you graduate.
Who are some people that can help file a FASFA?
Your parents, guardians, guidance counselor, or other adult mentors.
Record of the payments you make on other expenses such as loans and bills.
Credit History
What are three ways, other than school based, that scholarships can be awarded?
Minority status, group affiliation, and financial need.
What does a work-study help students do?
Gain work experience while still in school.
What is one factor that determines how much money comes from a private loan?
A person's credit history.
What financial document do you need when filling out the FASFA?
W2 form.
An award that gives money to a student for academics, financial aid, or diversity.
Monetary award.