Financial Aid 101
College Costs
Types of Aid
Do's and Don'ts
Realities
100
award letter
What is a letter from the college financial aid office that is sent to the student listing all financial aid to be awarded?
100
Room and board
What is the the cost of living on campus?
100
Free Application for Federal Student Aid
What does FAFSA stand for?
100
They are given for many reasons and do not have to be paid back.
What is a scholarship?
100
Interest
What is the amount charged by banks to loan you money.
200
cost of attendance
What is the student's cost including tuition, fees, and living expenses?
200
Textbook Fees
What is the amount of money needed to pay for class materials?
200
Grant
What is a type of aid based on need or merit that does not require repayment?
200
You should never pay someone to look for scholarships for you.
What is "true"?
200
Private schools
What is they might cost more, but they also might give more financial aid?
300
Estimated Family Contribution (EFC)
What is the total amount students and their families are expected to pay toward college costs?
300
Student Fees
What is the amount of money needed to pay for extras on campus, such as activities fees?
300
January 1
What is the date you can complete the FAFSA in the year you are seeking aid?
300
Merit based aid
What is financial aid awarded based on a student's academic, leadership. or artistic talent?
300
Grants
What is a form of financial aid that does not have to be paid back?
400
Default
What is what happens when students do not pay back their loans?
400
Work Study
What is an opportunity for a student to work part-time and attend college?
400
Federal Student Loan
What is the federally sponsored loan program for undergraduate loans?
400
Financial need analysis
What is a process of reviewing a student's financial aid application in order to determine financial aid eligibility?
400
Federal Direct Student Loan Program
What is the federally sponsored loan program which includes the Stafford Loan and the Parent Plus Loan.
500
College, bank, and federal government
What is who can take action to recover the money owed from a loan?
500
Meal Plan
What is plan that pays for all of your food on campus?
500
Financial Aid Package
What is the total financial aid a student receives?
500
Need Based Financial Aid
What is financial aid that is awarded based on a student's financial circumstances?
500
YES!!! There are many ways to pay for college and it pays off in the long run!!!!
What is it worth it to go to college?
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