Financial Aid Basics
Show me the Money
FAFSA
Student Loans
Choosing a College/Program
100
FAFSA is an acronym that stands for this
What is the Free Application for Federal Student Aid?
100
These are the 4 forms of financial aid
What are Grants, Scholarships, Loans and Work-study?
100
The earliest students can complete the FAFSA every year
What is October 1st?
100
A postponement of a loan payment
What is a Deferment?
100
The types of degrees that you can earn at a 2 year college
What is Certificate, diploma, Associates and Applied Bachelor's Degree?
200
The FAFSA needs to be completed this often.
What is every year?
200
Some schools offer this program where students complete military training at the same time as their college degree. This program pays for students’ education in exchange for a multiyear commitment to join the military after graduation.
What is ROTC?
200
These types of students must submit financial information for their parents on the FAFSA
What are dependent students?
200
The type of federal direct loan in which the government pays the interest on while the student is still in school
What is a Subsidized loan?
200
The 4 types of degrees you can earn at a 4-year college & university
What is bachelors, Masters, Doctorate and Professional?
300
The amount of credits a student must be enrolled in to be considered full time financial aid eligible?
What is 12 credit hours?
300
What males ages 18-25 must register for in order to receive federal aid?
What is the selective service?
300
You use this to sign your financial aid application online.
What is the PIN?
300
Name of the additional financial aid application used by more than 300 colleges and private scholarship programs
What is CSS PROFILE?
300
Provides Students Greater Access to College with Reduced Tuition Rates at Participating Schools in Western States
What is the WUE (Western Undergraduate Exchange)?
400
Cost Of Attendance at a Montana State University
What is about $30,000?
Direct Costs Tuition and Fees $8,546
*Housing and Meals $12,804
Books and Supplies $2,650
Loan Fee Allowance $74
Indirect Costs Transportation $2,218
Misc. $2,614
Total Per YEAR(* based on 12 credits per sem)
400
Money awarded to students based on academic or other achievements to help pay for education expenses.
What is Scholarships? Bonus Question, where can I get help with scholarships?
400
If you do not graduate from college you do not have to pay back your student loans.
What is False?
400
The 3 types of Federal Student Loans for college students
What is Subsidized, Unsubsidized and Parent Plus?
400
Three things to consider in choosing a college that will be a good fit
What is Academic, social and financial needs?
500
Cooper, Bean and Teddy
What are the Counselors dogs? Bonus, what counselor owns which dog?
500
Credits from prior courses (taken at another college) can be applied to the completion of a degree at your current college.
What is transfer credits?
500
The combination of a families income and net worth used to determine financial aid eligibility (Hint- used to be called EFC Expected Family Contribution)
What is Student Aid Index (SAI)?
500
Federal Direct Subsidized Loans and Direct Unsubsidized Loans have this GRACE period before you have to start making payments after leaving college
What is 6 months?
500
Opportunity to learn a trade and get paid for it?
What is Apprenticeship?