Vocab
Loans
Grants
Scholarships & Work-Study
Not Financial Aid
100
Name three things that are included in cost of attendance.
- Tuition & fees - Transportation - Textbooks - Room & board - Supplies
100
What is a loan?
Money you borrow and have to pay back.
100
What is a grant?
Free money that doesn’t have to be paid back, usually need-based
100
What is a scholarship?
Earned money through a competitive process that does not have to be paid back
100
What is Ray Allen's middle name?
Ray. His name is Walter Ray Allen, Jr.
200
What is a CSS profile?
A financial aid application distributed by College Board.
200
What are the two main types of loans?
Federal and private
200
What are the three categories of grants?
Federal, state, institutional
200
What is work-study?
A federally-funded campus job
200
What is a baby koala called?
A joey
300
What is EFC?
Expected Family Contribution, amount your family is expected to pay for college
300
What is the difference between subsidized and unsubsidized loans?
Subsidized: gov't pays interest while you're in school Unsubsidized: you pay interest while you're in school
300
How do you get a grant?
Fill out the FAFSA and CSS profile
300
How do you get a work-study job?
It will be included in your financial aid package after you fill out the FAFSA. It is then up to you to find a job on campus that qualifies.
300
How tall is the tallest living man, according to the Guinness Book of World Records?
8'3"
400
What is interest?
The fee paid to borrow money, usually an additional percentage of the amount owed
400
What are the three types of federal loans? Bonus points if you can tell me the differences between them.
Stafford, Parent Plus, and Perkins Stafford: Direct loan from gov't Parent Plus: Parent must cosign for load Perkins: Administered by college
400
What is the maximum Pell Grant?
$5,550
400
How do you apply for a scholarship?
For most scholarships, you must apply directly. This is not part of the FAFSA or CSS profile!
400
Who was the 16th president of the US?
Abraham Lincoln
500
What does FAFSA stand for?
Free Application for Federal Student Aid
500
What is the maximum amount you can borrow for one year on a subsidized Perkins loan?
$5,000
500
What are the two types of state grants available in MA?
MASSGrant and Cash Grant
500
What is the maximum amount per year you can get in scholarships?
There is no limit. If you apply to a million scholarships and win all of them and get a trillion dollars, you can keep that.
500
For 500 points, sing us a song.
There is no wrong answer.
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