Financial Aid
The acronym for this phrase is FAFSA
What is the Free Application for Federal Student Aid?
TRiO; The Learning Center; The Writing Center
What are places on campus where a student can get academic support and tutoring assistance?
True of False: each university and college will have their own unique deadlines to apply for financial aid and scholarships
What is TRUE?
Can be paper or electronic - help you save money at the grocery store
What are coupons?
The amount a college/university is charging you for your classes
What is tuition?
The date that the FAFSA opened for 2022-2023 school year
What is October 1, 2021?
True or False: There is a gym on campus with open hours for students to work out for free
What is TRUE?
A loan that you do not have to pay back interest or principal balance until 6 months after graduation
What is a subsidized loan?
The percentage of income recommended to put into savings each month
What is 10-15%
Type of tuition if you live within the state you are attending college
What is in-state tuition?
(which is MUCH lower than out-of-state tuition)
The preferred deadline for completing the FAFSA at Gaston College
What is April 30th?
A job on campus that is paid through financial aid funds
What is work-study?
A loan that you must begin to pay back interest right away
What is unsubsidized loan?
**DAILY DOUBLE**
When budgeting, you should focus on this first.
What is paying down your debt?
The term commonly used for the price of living on campus and a meal plan on campus
What is room and board?
The financial aid rule of maintaining at least a 2.0 cumulative GPA and 67% completion rate
What is Satisfactory Academic Progress or SAP?
True or False: A student is eligible to apply for the S.E.A.P. only once during their time at Gaston College.
What is FALSE?
A student can apply for S.E.A.P. once per academic year.
A loan that your parents sign for an take out on your behalf for you to attend University (normally has a higher-than-average interest rate)
What is a Parent-Plus loan?
You should track your spending for this amount of time to get an idea of how much you actually spend
What is one week?
The projected amount it will cost a student to go to school (includes tution, fees, housing, food, transportation and miscellaneous costs)
What is cost of attendance?
(Most two-year and four-year colleges calculate their COA to show the total cost for the school year (for instance, for the fall semester plus the spring semester).
This amount of credit hours is considered 'full time' for financial aid
What is 12 credit hours?
The agreement which ensures that courses listsed within the AS and AA degrees will transfer to the 16 state colleges and universities within NC
What is an articulation agreement?
The federal application a student completes in order for a university to determine eligibility for financial aid
What is the FAFSA?
Items in your budget can be divided into these two categories
What are wants versus needs?
Needs: paying rent or putting gas in your car
Wants: cute shoes or a vacation
**DAILY DOUBLE**
Money awarded to students based on merit; financial need and/or community service
What are scholarships?