Scholarship and Grants
This grant is granted to students who display financial need and have not obtained a degree
What is the Federal Pell Grant
True or False, if you apply for the FAFSA once you never have to apply again
What is False
Money borrowed from a private financial institution, such as a bank
What is a Private Loan
FAFSA
What is the Federal Application For Student Aid
This money you have to pay back after you graduate from college.
What is a loan
True of False, you have to pay back your grants and scholarships after college?
What is False
True or False, when applying for Financial Aid you must be a resident of the state of the school you are applying to
What is False
A student who will be the first from his or her family (including grandparents, parents, and siblings) to graduate from a college.
What is a 1st Generation Student
COA
What is the Cost of Attendance
This money you do not have to pay back but is given to you based on your need.
What is a grant
This type of scholarship is granted to students who display an exemplary talent in sports. These are very difficult to come across and only Division 1 and Division 2 schools grant them
What is an athletic scholarship
This letter will come in the mail along with your acceptance and will tell you exactly how much money the school will be giving you.
What is an Award Letter
There are 2 types of loans, subsidized and unsubsidized loans, what is the difference between the 2?
With a subsidized direct loan, the bank, or the government is paying the interest for you while you’re in school, during your post-graduation grace period, and if you need a loan deferment. With a federal unsubsidized loan, you are responsible for the interest
EFC
Estimated Family Contribution
This is a need-based job that you can receive working on campus to help pay for your schooling.
What is Federal Work Study
This type of scholarship is granted to students who display an exemplary achievement in the classroom.
What is a Merit Scholarship
True or False , Financial aid can be taken away from you based on your academic performance
What is True
This is the amount that a student will ultimately pay out of pocket to attend an institution for one academic year, after subtracting any “gift aid” like scholarships and grants.
What is Net Price
SAR
Student Aid Report
This degree you obtain when you complete 120 Credits
What is a Bachelors Degree
True or False , you can receive a scholarship for being of different races, heights, hair colors, or having different interests?
What is True
When completing the FAFSA you need these (3) documents in order to complete it.
What is your Social Security #, Parents W2, and Parents Tax Returns.
This is the amount that school is advertised as costing to attend, not what you will pay.
What is the sticker Price
GPA
Grade Point Average
This degree you obtain when you complete 60 Credits.
What is an Associates Degree