FAFSA Facts
What does FAFSA stand for?
What is Free Application for Federal Student Aid.
What’s the difference between a grant and a loan?
Grants don’t need to be repaid; loans do.
Where can students go for free tutoring?
What is Tutoring Center.
What is Satisfactory Academic Progress (SAP)?
What is meeting GPA and completion rate requirements.
Myth or Truth: Financial aid is only for full-time students.
What is Myth; some aid is available for part-time students.
What is the earliest date you can submit the FAFSA for a new academic year?
What is October 1st?
Name one common NM scholarship for college students.
What is Opportunity Scholarship; Lottery Scholarship.
Who helps students with writing assignments?
What is Writing Center.
What happens if you withdraw after receiving aid?
What is owing money back ; especially before 60% of semester.
Myth or Truth: My parents make too much money so I can’t get aid.
What is Myth – Everyone should apply; aid eligibility varies.
What do you need to complete the FAFSA?
What is FSA ID, social security number, tax info, school list, etc.
Where can you find UNM-Valencia scholarship applications?
What is UNM Valencia website; Financial aid office.
What office helps with paying tuition and fees?
What is Bursars/Cashiers office.
How does failing a class affect your aid?
What is lower completion rate and GPA.
Myth or Truth: I can’t apply for aid if I’m undocumented.
What is Truth – FAFSA is for citizens, but state/institutional aid may still be available.
True or False: You only need to fill out FAFSA once for all of college.
What is False; You must submit it every year.
True or False: Scholarships are only for students with perfect grades.
What is False.
What is the PASOS Resource Center?
What is mental health, food, housing, childcare, etc.
What’s the minimum GPA to maintain most aid eligibility?
What is 2.0 GPA.
Myth or Truth: I only need to apply for FAFSA once.
What is Myth - You apply every year.
What is UNM-Valencia's school code for FAFSA?
What is 002663.
If you don't qualify for the Federal Pell grant, you can't get any financial aid.
What is Myth - other aid options may still be available like loans, institutional scholarships, or work-study.
Who helps with student job searches and resumes?
What is Career Services.
What happens if your balance is over $200?
What is not be able to register for next semester.
Myth or Truth: Financial aid covers all your costs.
What is Myth - It depends on your award; sometimes not enough.