COLLEGE

College Finances

100

Money provided from the government for college

Grant

200

Money awarded for academics or athletics for college

Scholarships

300

Money you borrow that you have to repay for college

Loan

400

Money you pay to attend college

Tuition

500

Students must also pay this (which is listed with the tuition amount)

Fees

LOANS

100

With this type of loan, the interest will not accrue as long as the student is attending college and taking required credits?

Unsubsidized Loan -Subsidized Loan- Parent Loan

Subsidized Loan

200

with this type of loan, the interest accrues even while the student is attending college?

Unsubsidized Loans

300

The FAFSA needs to be completed this often

Every year

400

The four types of financial aid

grants, scholarships, loans, and work-study

500

FAFSA is the abbreviation for what?

 Free Application for Federal Student Aid

Cost of Attendance (COA)

100

What types of schools have the lowest COA? -Public 4 year university? -Private 4 year university? -2 year community college?

Community College

200

What 2 things are considered "direct costs" as part of Cost of Attendance?

What are tuition, fees, and books?

300

Name 2 things that are considered part of indirect costs.

What are transportation, housing, food, personal

400

Your housing and transportation (indirect costs) are covered expenses that a student loan will cover? 

Yes or No

Yes

500

Which 2 types of cost when combined make up Total Cost of Attendance?

Direct cost + Indirect cost

More Financial Aid Stuff

100

Approximately _____% of 4 year undergraduate students receive some type of financial aid

1) 50%

2) 75%

3) 85%

4) 99%

3) 85%

200

True or False: If you graduate college within 3-4 years, you don't have to pay back you student loans.

What is false? A loan is a loan. You have to pay it back eventually.

300

The primary basis for awarding grants through FAFSA is based on which of the following:

1) Personal need

2) Housing need

3) Financial need

3) Financial need

400

Which type of grant are students expected to pay back?

1) The scholarship grant 

2) The Bridge Foundation Grant

3) None

NONE

500

Is there a Federal Student Aid loan program for parents?

Yes or No

Yes- Parent Plus Loan

Admissions

100

The most common type of college admission is which of the following:

1) Rolling

2) Open

3) Regular

4) Early 

3) Regular

200

Typically, community colleges, online schools and distance learning programs offer this type of enrollment.

Open Admissions

300

Don’t assume that all colleges and universities have similar application ______. 

Deadlines

400

Regular admission is usually between which of the following:

1) September-November

2) August-December

3) November to January

3) November to January

500

When a student considers taking a gap year to travel abroad, obtain more financial aid, work or explore possible careers through internships, they select this admission type:

1) Deferred

2) Late Evaluation

3) Wait-Listed

1) Deferred