Applying for Aid
This is the application you fill out to receive FEDERAL financial Aid.
FAFSA
The minimum amount of credits a student must be enrolled in to be considered full-time financial aid eligible.
12 credits
This form of financial aid does not have to be paid back.
grants
Educational Opportunity Fund (EOF) is a program funded by ______. (HINT: the federal government or the state of NJ).
the state of NJ.
This type of financial aid has to be paid back.
loans
You create an account on this website to apply for financial aid from the STATE of NJ.
NJFAMS/HESAA
These types of students must submit financial information for their parents on the FAFSA.
dependent students
This form of financial aid usually comes from donations to the institution and is awarded based on academics, talents, leadership, or other achievements.
scholarships
Students must maintain this academic requirement to keep receiving financial aid.
Satisfactory Academic Progress (SAP).
When you take out a loan, you borrow money and pay back the amount borrowed plus this.
interest
If you are over 24 years old or are not claimed by your parents on their taxes, your FAFSA status may be this.
independent students.
This federal grant is awarded to undergraduate students with financial need.
federal pell grant
The minimum cumulative GPA a student must maintain to meet Satisfactory Academic Progress.
2.0
This type of federal direct loan has interest paid by the government while the student is in school.
subsidized loan
Your FAFSA needs to be completed this often.
Every year.
If the total amount of your financial aid exceeds your tuition costs, you may receive this.
a refund check or stipend.
This New Jersey state grants helps eligible NJ students pay for college tuition.
Tuition Aid Grant (TAG)
The minimum completion rate a student must achieve to meet Satisfactory Academic Progress.
67%
This type of loan accrues interest while the student is still in school.
unsubsidized loan
The abbreviation FAFSA stands for _______.
The Free Application for Federal Student Aid.
You use this to sign your financial aid application online.
a PIN.
This federal program allows students to earn money through part-time jobs while enrolled in college.
federal work study
This happens if you stop attending classes or withdraw from school and received financial aid.
You could owe back financial aid you received.
Parents can assist students in paying for college by applying for this loan program.
Parent Plus loan