Grants
Grant: does not have to be repaid.
Federal Pell Grant
List four types of financial aid.
Scholarships
Grants
Loans
Federal Work-Study
Veterans Benefits
Who founded the U.S. Department of Education?
OR
When was the U.S. Department of Education founded?
Jimmy Carter
OR
October 17, 1979
This is the most common student loan program for funding undergraduate and graduate education.
The Federal Direct Stafford Loan
FAFSA
Free Application for Federal Student Aid
For undergraduates with exceptional financial need; Federal Pell Grant recipients take priority; funds depend on availability at school.
Federal Supplemental Educational Opportunity Grant
For undergraduate and graduate students; part-time jobs can be on campus or off campus. Money is earned while attending school.
Work-Study
When was the Family Educational Rights and Privacy Act (FERPA) created?
OR
Who signed it into law?
August 21, 1974, with an effective date of November 19, 1974
OR
President Ford
Based on the borrower's credit worthiness
Parent PLUS loans
SAR
Student Aid Report
For undergraduates with financial need who have not earned bachelor's or professional degrees; in some cases, a student enrolled in a post baccalaureate teacher certification program may also receive this.
Federal Pell Grant
"Gift money" that is awarded on the basis of academic achievement or a combination of academic performance and financial need.
Scholarships
Who created the first financial aid need analysis formula in 1953?
John Monro of Harvard University
Name 3 types of Loans.
Direct Subsidized Loan
Direct Unsubsidized Loan
Direct PLUS Loan
Federal Perkins Loan
EFC
Expected Family Contribution
This Grant does not have to be repaid unless converted to a Direct Unsubsidized Loan for failure to carry out teaching service obligation as promised.
Teacher Education Assistance for College and Higher Education (TEACH) Grant
"Gift money" from federal, state and university funds that are awarded based on financial need.
Grants.
Pell Grant is named after what person?
U.S. Senator Claiborne Pell of Rhode Island
Informs you of your rights and responsibilities regarding the repayment process as well as; Terms of the Loan, Repayment Options, Deferment and Forbearance, Loan Forgiveness Programs and the danger of default and how to prevent it from happening.
Exit Counseling
MPN
Master Promissory Note
Name all 4 types of Grants that are offered.
Federal Pell
Federal Supplemental Educational Opportunity (FSEOG)
Teacher Education Assistance for College and Higher Education (TEACH)
Iraq and Afghanistan Service
Money one can borrow from federal loan programs and outside lenders.
Loans
Name the person who established the first scholarship ever at Harvard University.
OR
Name the date that the first scholarship was established.
Lady Anne Radcliffe Mowlson
OR
1643
You must be a U.S. citizen or permanent resident, not have previous defaults on a federal loan, be enrolled or plan to enroll at least half-time, and maintain satisfactory academic progress, in order to be eligible for this Loan.
The Federal Direct Stafford Loan
WIOA
Workforce Innovation and Opportunity Act