This question type is most helpful to ask when getting to know a student.
What are open-ended questions?
In a budget, _____ is used to cover expenses.
What is income?
A _____ can range from 300 to 850.
What is a credit score?
This is the type of student loan when the interest is paid by the federal government while the student is in school at least half time.
What is subsidized loan?
The FAFSA used to provide applicants with their EFC, or Expected Family Contribution. This measure has since been replaced with the SAI, which stands for _____.
What is Student Aid Index?
This type of communication takes the form of wordless cues and accounts for upwards of two-thirds of communications between individuals.
What is nonverbal communication?
There are several types of expenses to be aware of when creating a budget. These are the types of expenses that occur every month but at different amounts.
What are variable expenses?
A loan with a _____ interest rate means it stays the same for the lifetime of the loan.
What is a fixed interest rate?
This is the name of the largest state grant.
What is the Washington College Grant (WCG)?
The FAFSA Deadline Act, signed into law by President Biden in December 2024, officially mandates that the U.S. Department of Education make the FAFSA form available by this date of every year.
What is October 1st?
The four types of learning styles include reading/writing, visual, auditory, and _____.
What is kinesthetic?
This is another name for a budget.
What is a spending plan?
The three national credit bureaus are Equifax, Experian, and _____.
What is TransUnion?
This measure calculated by colleges covers not only tuition and fees, but also includes expenses relating to housing, food, transportation, course materials, and other personal expenses.
What is Cost of Attendance?
The Pell Grant and Federal Supplemental Educational Opportunity Grant (FSEOG) both come from this funding source.
What is the U.S. Department of Education/federal government?
Mentors should try to avoid this type of relationship with their students as much as possible.
What is nonprofessional?
This is how often it is recommended for a budget to be reviewed.
What is regularly/monthly/when there is a change in situation?
This type of credit is backed by pledging an asset, known as collateral.
What is secured credit?
All colleges participating in Federal Student Aid programs are required to have this type of calculator on their websites, which helps families have a better sense of what each college will cost.
What is a net price calculator?
The FAFSA is an acronym that stands for _____.
What is the Free Application for Federal Student Aid?
The four communication styles include Intuitor, Thinker, Senser, and _____.
What is Feeler?
The three basic steps to making a budget are:
1. List income and expenses
2. _______________________
3. Following through to maintain the budget
What is evaluate where changes need to be made in the event the budget doesn't balance?
This is the term used in the credit card industry for highly responsible consumers who pay their balance in full every month and never accrue interest or fees.
What is deadbeats?
This type of financial aid is included in a student's financial aid package as a placeholder. If the student wishes to redeem the funds, they must take further action with their university.
What is Work-Study?
There are a few key groups of students who are ineligible to complete the FAFSA. This includes international students, DACA recipients, those without a high school diploma/GED, those who have defaulted on federal student loans, and _____.
What are undocumented students/noneligible noncitizens/those without a valid SSN.