Vocabulary
Cost of Attendace
The total estimated budget. It acts as the sticker price.
Total Direct Costs: $33,612
Total Gift Aid: $28,488
The total net cost is...
$33,612 - $28,488 = $5,124
The total Net Cost is $5,124
This staff member used to live in San Jose, CA
Angel (Me!)
The difference between federal aid and state aid
Federal - Government
State - From CA
You have to pay money to fill out the FAFSA/CADAA.
False. It’s always free.
These are fees paid directly to the college.
Direct costs.
Total Costs: $86,098
Total Gift Aid: $75,348
The total cost per semester is...
$86,098 - $75,348 = $10,750/2
Cost Per Semester: $5,375
This staff member has three pugs!
Angel (Me!)
These types of financial aid do not need to be repaid and can be awarded for financial need, academic merit, talent, or community involvement.
What is Scholarships & Grants?
You must fill out the FAFSA/CADAA every year you’re in school.
True. Typically in October.
Indirect costs
Estimates that are not paid to the college (Books & Supplies, Transportation, personal items.)
Maria excels at music and wants to use her talent to help pay for college. What type of aid might she qualify for besides need-based aid?
What are Scholarships?
These College Track Staff Members went to a UC campus for their bachelors degree.
Vida & Valentina (UC Berkeley)
Quincy (UC Santa Barbara)
Amika (UCLA)
This grant is for Former or current foster youth
Chafee Grant
A student can be selected for FAFSA verification even if all the information on the application is correct.
True. Verification is random and requires documentation.
Net cost
The actual, out-of-pocket price a student pays for college, calculated as the total cost of attendance
Angel was offered both an unsubsidized loan and a subsidized loan. He still has $3,000 in unmet financial need for the semester. Which loan should he take out? Why?
Subsidized since interest won't accrue until he's graduated.
These College Track Staff went to a CSU for their bachelors degree.
Angel (Cal Poly, San Luis Obispo)
Alonzo (San José State University)
Alondra (Cal State East Bay)
This need-based federal program provides part-time jobs for students to help cover educational expenses.
What is Federal Work Study?
You will receive financial aid from more than one college and you can use all offers.
False. You can only accept and use aid from the school you choose to attend.
Student Aid Index determines...
Your ability to pay for college.
What does FAFSA stand for?
Free Application for Federal Student Aid (FAFSA)
These College Track staff went private and out state for their bacehlors degree
Dulce (Brown University)
Dee (Stanford University)
Courtney (University of Central Florida)
Eligibility is based on your FAFSA or CA Dream Act Application, your verified Cal Grant GPA, the California colleges you list, and whether you recently graduated from high school.
Subsidized loans do not accrue interest while you’re in school.
True. Unsubsidized loans interest accrues immediately upon disbursement and throughout the life of the loan.