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FAFSA/CASFA
Financial Aid Vocab
Scholarships
Loans
Concurrent Enrollment
100

What is FAFSA/CASFA?

Gives students who are determined lower income, free money for school and better loan rates. 

100

What does FAFSA stand for?

Free Application for Federal Student Aid

100

When should a student start applying to scholarships?

ASAP

100

Do you have to pay back loans?


Yes

100

What is concurrent enrollment? 

The opportunity to take college level courses while still in high school

200

Out of the FAFSA and CASFA, which application is for students without SSN?

CASFA

200

What does CASFA stand for? 

Colorado Application for State Financial Aid

200

What is one tip you could use to apply to scholarships?

Recycle personal statement,

Updated Copy of Resume 

Request Letter of Recommendations early!

Apply to as many as you can!! 

START EARLY!!! 

Don't underestimate the small ones, money adds up!! 

Have someone look over your final essays/information before submitting 

200

What are the 2 different types of loans?

Subsidized and unsubsidized 

200

What are 3 benefits to taking concurrent enrollment classes?

  • Explore career options and interests
  • Get a jump start on college classes
  • Earn college credit
  • Used to qualify for ascent/trep 
  • The district pays for the tuition
  • Students are only responsible for fees and textbooks
  • The class counts as high school credit too
  • If you pass the class with a C or higher you automatically get the college credit
300

Does a student need parent tax information to fill out FAFSA/CASFA?

Depends on student family situation.

300

Out of grants, scholarships, and loans which one(s) do you have to pay back?

Loans

300

Where is a good resource for finding scholarships?

Future center Website

300

What are unsubsidized loans? 

Unsubsidized loans accumulate interest over time
300

What do you need to do to qualify for Concurrent Enrollment?

  • Prepared for college level classes. Good grades
  • Good Attendance (90% attendance)
  • On Track to Graduate
  • Minimum scores/levels for placement
400

True or False.

If a student fails a class they have to pay back they money they got from FAFSA/CASFA?

False.

400

What does COF stand for? What is it?

Colorado Opportunity Fund (COF) is free money (104$ a credit hour) a student applies for once. To qualify you need to be a Colorado resident for at least a year and graduate from a Colorado high school. 

400

What is CareForward?

Program that pays for certificates at certain participating colleges

400

What are subsidized loans? 

They are loans that don't accumulate interest over time

400

Potential risks to doing concurrent enrollment? 

  • If the student does not pass your class- with a C or better…
  • The student will have a poor grade on a college transcript
  • Might impact future financial aid
500

You will receive FAFSA/CASFA in the form of a what (grant, loan, scholarship) and how much is it?

about 7,500 in pell grant money.

500

What is Work-study?

Work-study gives the opportunity to work on campus and get paid without taxes being taken out of your pay checks. 

500

What name 2 certificates that can CareForward can pay for? 

Certified Nursing Assistant (CNA), Emergency Medical Technician (EMT), Phlebotomy Technician, Pharmacy Technician, Medical Assistant, Dental Assistant, Nurse Refresher, Integrative Health Practitioner & Massage Therapy, Sterile Processing, Paramedic Certificate, Echocardiography Certificate, Medical Billing and Coding, Medical Office Certificate

500

A student should take out their full loan amount?

Only take out the loans you need!

500

What is TREP?

After senior year, allows students to get two years of college TUITION FREE