College Vocabulary
Financial Aid Process
Financial Aid Awards
Loans and Repayment
Mystery Questions
100

This degree takes 2 years to complete and can lead directly to a career or can be transferred to a bachelor's degree program.

What is an associate's degree?

100

Money you may receive from a college or government to help you pay for college.

What is "financial aid?"

100

This is free money given by the government or financial institution and does not need to be repaid. 

what is gift aid?

100

This is the additional fee charged for borrowing money.

What is interest?

100

While you are in college, are you allowed to change your major, or area of study? Yes or No.

Yes, you are allowed to change your major during your time in college.

*not on the quiz

200

This is the subject or related to the subjects you study in college that help you pursue a future career.

What is a career pathway or college major?

200

This is the form you fill out to apply for financial aid for college.

FAFSA

200

This is an award given by a college or institution for success in academics, sports, or hobbies

What is a scholarship?

200

This is a 6 month length of time after graduation in which you are not expected to pay back your student loans.

What is a grace period?

200

As opposed to a _____ (acronym), a PHD cannot practice medicine. 

What is an MD?

300

This is a terminal degree and often means you are the most studied in your field.

What is a doctorate/PHD?

300

This is the form you receive form each school you have been accepted to detailing the financial aid you are being offered.

Student Aid Report (SAR)

300

This is a form of money by the federal government that must be repaied after you graduate college. (hint 2 words)

Federal Loan
300

-DOUBLE JEOPARDY-

This loan does not accrue interest while you are in college, but will begin to collect interest once you graduate.

What is subsidized loan?

300

You must have a social security number and be a citizen or approved resident of the US to receive this funding for college.

What is Financial Aid?

400

If you earned a Master's Degree, then how many years did you study in college?

For a Master's Degree you studied at least 5-6 years in college.

400

This is the amount of money that the government has determined your family is able to pay for your college education. 

What is Expected Family Contribution?

400

This need based aid offering allows you to have a job on campus and be paid directly in the form of a paycheck.

What is work study?

400

This is an option if you are continuing your education and wish to pause payment on your student loans.

What is deferment? 

400

-DOUBLE JEOPARDY-

Credits from a _______ degree can be transferred toward a ____ degree program. 

What is Associates and Bachelors?

500

This term is the cost of taking classes full time at college but does not include housing or other necessary expenses.

What is Tuition?
500

This formula stipulates how much financial aid you are eligible for.

Cost of attendance - Family Contribution = Financial need

500

This specific federal grant offered college students $6,895 a year for those who qualified

What is the Pell Grant?

*not this specific on the quiz

500

This is an option for repayment if you make under a certain amount of money after graduation and would like to cap your student loan payments at a max of 20% of you income.

What is an income based repayment plan. 

(income contingent or SAVE plan also accepted)

not specifically on it

500

This is offering allows you to pause your student loan repayment for a period of 12 months due to financial hardship.  Keep in mind, interest will continue to accrue, costing you more money in the long run. 

What is forebearance?