What website is used to access your student account and make payments?
LeoOnline
100
What are two issues that could delay the processing of your financial aid?
Delays in filing the FAFSA, incomplete paperwork
100
What are three types of revenue sources?
Financial aid (grants, loans, scholarships) paid directly to you
After-tax wages from a job
Financial help from family
Withdrawals from savings
Other (child support, public assistance, gifts, etc.)
What are the names of both Stafford Loans that are awarded by the federal government?
unsubsidized and subsidized loans
200
What are two ways to ensure that a payment is received on time?
Online bill-pay, mailing your payment early.
200
What is meant by "Expected Family Contribution"?
The amount that the family is expected to contribute.
300
What are two forms of refunds?
E-refunds and paper checks
300
What is the name of the form that you would fill out if your grades are slipping but you need financial aid?
SAP (Satisfactory Academic Progress) form
300
What are two ways in which an individual can build good credit?
Make payments of expenses (ex: rent) on time.
Make loan and credit card payments on time
Pay loans before spending your money on other purchases
Apply only for the credit you need.
Do not bounce checks
Train yourself to pay off the balance each month before the card's grace period expires.
300
What is the first step to financial awareness/paying your bills?
Preparing a budget
300
What are two factors considered when determining financial need?
family income, family size, age of older parent, number of family members in college, asset equity
400
Approximately how many days does it take to get an e-refund once it's been processed?
2-4 days
400
What is one mistake that many people make in regards to personal finance?
They spend more than they make!
400
Banks have their accounts insured by which corporation?
FDIC (Federal Deposit Insurance Corporation)
400
What are the three types of expenses that should be taken into account when preparing a budget?
Fixed, Flexible, Discretionary
400
True or False: The expected family contribution stays the same regardless of what college you attend.
True.
500
What are three things you can do on your LEO account?
make payments, register for classes, change address/phone number
500
What can happen as a result of unsatisfactory academic progress?
You can lose your federal financial aid.
500
After graduation, how long does it take for your loans to go into repayment?
Six months.
500
What are four parts to a check?
Legal amount, account number, maker, check number, date
500
What are the two components of expected family contribution?