FAFSA & Costs
This is the primary form used to determine a student's eligibility for scholarships grants work-study and federal loans.
What is the FAFSA?
These types of loans generally have higher interest rates and fewer consumer protections than federal loans.
What are Private Loans?
This program allows students to earn money for college expenses through part-time employment often on campus.
What is Work-Study?
A correlation coefficient (r) that is negative indicates that as one variable increases the other does this.
What is decrease?
This type of study involves researchers watching subjects in their natural environment without trying to change their behavior.
What is an Observational Study?
This term refers to the actual amount a student pays for college after accounting for gift aid like grants and scholarships.
What is Net Price?
This specific federal loan does not charge the student interest while they are still enrolled in school.
What is a Subsidized Loan?
Financial aid that is awarded based on a student’s academic athletic or artistic achievements is known as this.
What is Merit-Based Aid?
In a scatter plot if the data points fall very close to the line of best fit this specific value (r^2) will be high.
What is the Coefficient of Determination?
This sampling method involves dividing a population into groups (like Public School vs Private School) and then sampling from each.
What is Stratified Sampling?
This report is generated after you submit your FAFSA and includes your Expected Family Contribution (EFC).
What is the Student Aid Report (SAR)?
This federal loan begins accruing interest immediately upon the loan being disbursed.
What is an Unsubsidized Loan?
This is the frequency with which a student must submit a FAFSA to remain eligible for federal aid.
What is every year?
This is the most important rule in statistics regarding the relationship between two variables that move together.
What is Correlation does not imply causation?
This hypothesis usually states that there is no difference or no effect between two groups.
What is the Null Hypothesis?
To maximize the chance of receiving aid that is first-come first-served students are encouraged to file the FAFSA at this time.
What is as early as possible?
If you have four options—a scholarship a work-study job a subsidized loan and a private loan—this is the one you should accept LAST.
What is a Private Loan?
This organization or club was mentioned in Camille’s scenario as a potential source for a local scholarship.
What is the Rotary Club?
On a two-way frequency table the values found in the far-right column or bottom row are known as these.
What are Marginal Totals?
If a sample only includes students from expensive private Ivy League schools it is not a good sample because it isn't this.
What is Representative?
Unlike private loans filling out the FAFSA costs this much money.
What is zero dollars (It is free)?
This is the main difference between a Grant and a Loan.
What is a grant does not need to be paid back?
Tuition room and board books and fees all combined make up this price before any aid is applied.
What is the Sticker Price?
If a study yields a p-value of 0.01 and the significance level is 0.05 the researcher should take this action regarding the null hypothesis.
What is Reject the Null Hypothesis?
A researcher wants to prove that a new tutoring program increases test scores. This specific claim is known as the...
What is the Alternative Hypothesis?