Financial Aid 101
Take a Loan?
Important Dates
Acronyms
Double Jeopardy
100
which students get Financial Aid for summer? explain
answer varies per student
100
The number of credits a student needs to be enrolled in to qualify for a student loan.
What is 6.
100
The earliest date that FAFSA forms can be completed for the upcoming school year?
What is January 1st.
100
FAFSA
What is Free Application for Federal Student Aid?
100
Business hours for the Financial Aid Calling Center
What is 24/7?
200
Name at least two websites you can recommend student for scholarships?
What is nvcc.edu->scholarships, fastweb.com, etc.
200
where else can students get loans for school?
banks, credit unions.
200
NOVA's priority filing deadline for the FAFSA
What is May 1st
200
EFC (hint: this is the amount your family should be able to pay towards your education based on your FAFSA)
What is the Estimated Family Contribution?
200
Name at least two types of State Grants.
What are Commonwealth Gtant, VCCS Grant, VGAP, PTAP?
300
Name at least two things all Financial Aid Students must do in order to receive Financial Aid
What is declaring a major, file taxes if required by law, etc?
300
A website where students can start paying their loans(if wish) while in school.
myfedloan.org
300
16 week census date for the spring 2015
What is January 29
300
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
300
Name any state grant and say how many credits you must have for that particular grant.
answer varies
400
What is the Federal Supplemental Educational Opportunity Grant(FSEOG)
Federal grant for students who are Pell eligible and who demonstrate exceptional need.
400
The number of months you have as a "grace period" (after you stop attending school/ drop below half time) before you have to begin repayment of your Stafford loans.
What is 6 months?
400
Census date for 2nd 8week classes this fall
What is October 24th
400
FPL
What is Federal Perkin loan?
400
Name at least three types of SAP appeals
What is GAP Rule, 67% rule, 150% rule, Developmental credits...?
500
Maximun Pell grant limit
What is 12 Full-time terms.
500
What is the current interest for subsidized and unsubsidized loan
What is 4.66%?
500
Last day to drop your classes and receive a full tuition refund...
What is the census date.
500
SAR (hint: this is sent to you to summarize the information on your FAFSA)
What is Student Aid Report?
500
What is the SAP Developmental credits
You have attempted 30 semester credit hours of developmental course work. Any future developmental courses for which you enroll cannot be considered in the calculation of eligibility for student financial aid. This is a federal requirement
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