FAFSA
The abbreviation for Free Application for Federal Student Aid.
What is FAFSA?
Grants are free money that do not need to be paid back, based on your families financial situation.
True
GPA
What is Grade Point Average?
This type of financial aid is free money that you often have to compete for against other students.
What are the two most important applications that most students going to college need to fill out in order to see if they qualify for free money from the state of Vermont and from the federal government.
FAFSA and the Vermont Grant.
The four types of financial aid.
What is grants, scholarships, loans, and work-study?
Vermont has a grant called the Vermont Grant that gives money to students based on their financial need. Students can only use this money in they go to a college or training program within Vermont.
FALSE. The Vermont Grant is portable and can be used at any state in the country.
VTSU or UVM
What is Vermont State University or the University of Vermont.
One type of service that can help pay for college.
What is either Americorps or Military?
Most students will need to take out student loans. It's nearly impossible to take out a student loan without a co-signer. Who do you think needs to co-sign your loans?
Any adult that has a steady income and decent credit. They do not need to be a parent. They just need to agree to pay your loans if you do not.
The FAFSA needs to be completed this often.
What is every year?
The FAFSA is the application you need to fill out to see if you qualify for any grants or loans through the federal government.
BONUS: What is the date that the FAFSA opens every year.
TRUE.
October 1st.
FAFSA
What is Free Application for Federal Student Aid?
Some programs help you earn college credits while you are still in high school. Name one.
Advanced Placement (AP), International Baccalaureate (IB), Dual Enrollment, Early College
If your family makes less than this amount of money per year, you can go to these colleges tuition free-
-UVM, St. Mike's, and the Community College of Vermont.
Bonus: If you family makes less than this amount of money, you can go to the Vermont State University tuition free.
What is $100,000 per year
What is $65,000 per year
If your parents are divorced, only one parent needs to fill out the FAFSA.
Bonus: Which parent needs to fill out the FAFSA?
TRUE.
The parent who provided more financial support for you over the past 12 months.
If your parents are married and filed their taxes jointly (together), you will need to report both of their incomes on the FAFSA?
Bonus: If your parents live together but are not married, you still need to include both of their incomes on the FAFSA.
TRUE.
TRUE.
SAT or ACT.
Bonus: T/F, most colleges require that a student take either the SAT or the ACT as a part of their application to college.
Standardized Aptitude Test.
American College Testing.
FALSE.
Living at home and commuting to your college can help you save on these costs.
Room and Board or Housing and Meals
What is one of the easiest and most fun ways you can increase your chances of getting a scholarship that are not based on academics or performance.
Community Service.
Two things that you will need to report on your FAFSA.
What are income, assets, family size and colleges.
Also can be used - student's date of birth, social security number, high school attended, parents' marital status.
There are public colleges and private colleges throughout every state in the country. It is cheaper to go to a public college than a state college.
False. Sometimes private colleges give out more money because they have large amount of donated money to give out to their students. The sticker price can be a daunting amount of money (most expensive college this year is around 100k per year, but most students do not pay even close to that amount of money).
VSAC
Vermont Student Assistance Corporation
There are two different types of student loans, name them.
How long to student's have to after they graduate from high school to start paying back their loans.
Federal Student Loans and Private Student Loans.
6 months.
Colleges give out merit scholarships to students. What are they basing these scholarships off of?
What are your grades / GPA.