Starts with "F"
True or False?
Vermont Colleges
Vendors
"I have to pay them back???"
100
Free Application for Federal Student Aid
What is the FAFSA?
100
The terms of sequester increased the loan fees charged to Direct loan borrowers.
What is True? For Direct Sub and Unsub loans the loan fee increased from 1% to 1.051% to now 1.730%. For PLUS loans the loan fee increased from 4% to 4.204% to now 4.292%.
100
The Panthers
What is Middlebury College?
100
Joe Jovell
What is Great Lakes?
100
This means you failed to make your payments on your student loans as scheduled according to the terms of your promissory note.
What is Default?
200
An identifier that the U.S. Department of Education assigns to each college that participates in the federal student aid programs.
What is the Federal School Code?
200
Documentation for purposes of a student's identity may include an expired government-issued identification.
What is False? The documentation requirements state that the governement issued identification must be "valid".
200
The accredited liberal arts college designed exclusively for students with learning disabilities.
What is Landmark College?
200
Dan Dreeves
What is Nelnet?
200
A company that collects payments, responds to customer service inquiries and performs other administrative tasks associated with maintaining a federal student loan on behalf of a lender.
What is a Loan Servicer?
300
The "hot topic" about teaching students and families about money and budgeting.
What is Financial Literacy?
300
A student may automatically be placed on SAP probation.
What is False? A student who fails SAP must successfully appeal to be placed on probation. At the end of one payment period on probation, the student must make SAP or must be meeting the requirements of the academic plan.
300
A selective, private Catholic college of approximately 2000 undergraduates whose school color is purple.
What is St. Michael's College?
300
Lisa Talbot
What is Sallie Mae?
300
The tutorial that will help students understand their loan repayment responsibilities and options.
What is Loan Exit counseling?
400
Your electronic personal identification number that serves as your identifier to allow access to personal information in various U.S. Department fo Education systems and acts as your digital signature on some online forms.
What is Federal Student Aid PIN?
400
A student who completes the academic requirements for his/her academic program but does not yet have the degree is eligible for further Title IV funds for that program.
What is False? Students who have completed requirements for their program are not eligible for additional Title IV funds for that program.
400
An institute where "Learning by doing" and immersing students in real kitchen situations while maintaining a small teacher/chef student ratio is important.
What is New England Culinary Institute NECI?
400
Tonya Tonaro
What is American Student Assistance/SALT?
400
The first day you miss a payment your loan becomes
What is delinquent?
500
The difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC).
What is Financial Need?
500
When a student does not complete exit counseling as required, the school must send written materials within 45 days.
What is False? The school must ensure that exit counseling is provided through either interactive electronic means or by mailing written counseling materials to the student borrower at the students last known address within 30 days after they have withdrawn.
500
The oldest private military college in the United States.
What is Norwich University?
500
The Vermont agency that offers student loans, services loans and helps student prepare for college.
What is VSAC?
500
The repayment plan based on a fixed payment of at least $50. You will pay less interest for your loan over time under this plan than you would under any other plan.
What is Standard Repayment Plan?
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