What is the Free Application for Federal Student Aid?
100
This is the decade that saw the creation of the Federal Pell Grant (called the Basic Educational Opportunity Grant or BEOG at the time).
What is the 1970's?
The BEOG was created in 1973. Financial aid is pretty new!
100
Who provides the funding for the MAP Grant?
Who is the State of Illinois?
100
This is the GPA requirement to remain in good standing with financial aid.
What is a 2.0?
100
Pell Grants can be used for ANY educational expense. Name 3 educational expenses a college student might have.
What is tution, fees, books, supplies, transportation, room and board, living expenses?
200
This is who needs to complete a FAFSA.
Who is everyone?
200
This is why the federal government requires verification of income and other information for some students who apply for financial aid.
What is quality assurance? In other words, people would lie!
Approximately 1 out of 3 FAFSAs are selected. Schools can also select anyone else they want.
200
This is the payment deadline for Spring semester.
What is December 15th?
200
Students have to maintain the required GPA AND completion ratio to remain eligible for financial aid. Define a completion ratio.
What is the number of credit hours a student successfully completes out of the number they enroll in?
200
$5,920
What is the maximum Pell Grant amount for 17-18?
300
This is the date the FAFSA becomes available each year.
What is October 1st?
300
This is the decade when loans surpassed grants as the largest source of financial aid for college students.
What is the 1980's?
The class of 1984 was the last class to receive more grants than loans to attend college. Thanks Reagan!
300
This is the name of the shortest NBA player of all time.
Who is Muggsy Bogues? He played predominantly for the Charlotte Hornets and is 5'3?
300
This is what happens if you do not meet SAP standards for one semester.
What is financial aid warning?
300
This is the Fall grant and scholarship refund date.
What is October 20th?
400
This is the largest federal grant that you are applying for when you complete the FAFSA.
What is the Federal Pell Grant?
400
This is the application year when the FAFSA began requesting prior-prior year income rather than income from the previous year.
What is 2017-2018?
400
There are 4 main sources or types of financial aid. Name 2.
What is grants, loans, scholarships, and work-study?
400
This is what happens if you do not meet SAP standards for 2 semesters.
What is financial aid suspension? You can no longer receive financial aid at RLC until you bring up you GPA and completion ratio to the required percentages.
400
This is how refunds are disbursed to students.
What is a BankMobile account?
Students can choose to have the money put on a BankMobile card, direct deposited, or a paper check mailed to them.
500
Name one document you may need to submit to the Financial Aid Office for verification.
What is a tax return, W-2 forms, verification worksheets?
500
This was the very first type of free money from the federal government given for college.
What is the GI Bill? Serviceman's Readjustment Act
To help soldiers transitioning back to civilian life after WWII. Choice of low interest home loan or college funding. Also gave 52 weeks of paychecks while veterans looked for work.
500
Federal loans are "guaranteed". What does this mean?
The federal government does not take your income or credit history into consideration when determining your eligibility for these loans.
RLC and many other local community college no longer participate.
500
This is what you can do to potentially receive financial aid while you are on financial aid suspension.
What is an appeal?
500
This is why a Pell Grant is called a Pell Grant.
Senator Claiborne Pell (from Rhode Island) sponsored the bill that created the grant.