Financial Aid 101
Take a Loan?
Important Dates
Acronyms
Double Jeopardy
100
The application used to apply for financial aid.
What is the FAFSA?
100
The number of credits a student needs to be enrolled in to qualify for a Perkins 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
These have a relatively low interest rate and need to be repaid.
What is a loan?
200
The website address where you submit your FAFSA.
What is www.fafsa.gov
200
The government pays the interest on this type of loan while you are enrolled at least half-time.
What is a subsidized Stafford loan?
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
The website that students apply to for Scholarships.
What is Academic Works?
300
It replaced the FSA PIN.
FSA ID
300
The type of loan where the government does not pay your interest while you are enrolled half time.
What is an Unsubsidized Stafford Loan
300
July 26th 2015
What is the Fall payment deadline?
300
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
300
This type of financial aid does not have to be repaid and is based on financial need.
What is a Grant?
400
003727
What is NOVA's School Code?
400
The length of time a MPN is valid.
What is 10 years?
400
The last day to purchase books with Financial Aid.
What is Census Day?
400
R2T4
What is Return to Title IV?
400
This type of financial aid is need-based, and must be earned by working a job.
What is Work Study?
500
You're generally considered a Dependent Student until you reach this age.
What is 24
500
The quiz that you must complete electronically before your loans transfered or closed.
What is an Exit Counseling Interview?
500
Jan 29th , 2015
What is the Spring census date.
500
FERPA
What is Family Educational Rights and Privacy Act?
500
NOVA Financial aid facilitates access to education for NOVA students by providing assistance in all areas of the financial aid process for the purpose of supporting student enrollment, retention and program completion at NOVA.
What is the Mission Statement?
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