Financial Aid

Glossary

100

A form sent to the student after submitting the FASFA

Student Aid Report 

200

What does FASFA stand for?

Free Application for Federal student Aid 

300

A fee charge when you take out a loan & is calculated as a percentage of the principal loan amount

Interest 

400

What type of financial aid does not need to be repaid? 

Grants 

500

What can financial aid cover ?

1. Tuition and fees
2. Room and board 
3. Books and supplies
4. Transportation
5. Personal expenses

true or false

100

You need to pay back all loans as soon as you finish college. True or false 

False you have a 6 months to start paying back

200

All students are eligible for financial aid. True or False?

False. Eligibility for financial aid depends on various factors, including financial need, academic performance, citizenship status, and enrollment status.

300

You can only receive financial aid if you have good grades? True or False?

False. Although is important to have good grades for certain types of financial aid there are others that don't require it like loans and federal grants 

400

You have to file for FASFA every year. True or False? 

True 

500

You have the option to be a full time or part time student in college. True or false?

True 

Questions

100

Who is the college and career counselor in HHS?

Ms. Rigali 

200

Who is your school counselor?

Fenn

Vazquez

Holder

Ortiz 

300

Mention 3 things you need for your FASFA

1. Personal and financial details, like your Social Security number and income information.
2. Information about any untaxed income you receive.
3. A list of the schools you're interested in attending

400

When is the best time to start planning for college? 

Freshman and junior year

500

How can you find scholarships?

Asking your school counselor, checking in with college financial aid office, looking into community groups or organizations 

Questions

100

What is loan forgiveness

Loan forgiveness is when some or all of your student loan debt is canceled under certain conditions

200

What are student loans?

Student loans are funds borrowed by students to help pay for post-secondary education expenses, such as tuition, fees, books, and living expenses

300

How do you apply for FASFA?

Create an FSA ID, gather your Social Security number, tax returns, and financial information, fill out application and make a list of colleges you would like to send you FASFA information to.

400

What is work study?

Work-study is a program where students can get part-time jobs, often on campus, to help pay for their education. These jobs are flexible and the money earned can be used for school expenses

500

Mention 3 aids students can receive

Loans, work-study, scholarships, grants