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Financial Aid Basics (1)
Grants & Scholarships
FAFSA (2)
Student Loans (4)
Choosing A College (5)
100
FAFSA is an acronym that stands for this
What is the Free Application for Federal Student Aid?
100
These are the 3 forms of financial aid
What is Grants/Scholarships, Loans and Workstudy
100
This is the earliest students can complete the FAFSA every year
What is October 1st
100
A postponement of a loan payment
What is Deferment
100
The types of degrees that you can earn at a 2 year college
Certificate, diploma, Associates
200

What is 2024-20245 Enrollment intensity? 

What is changes enrollment changes for 2024-2025: The percentage of full-time enrollment at which a student is enrolled, rounded to the nearest whole percent. 

For example, if full-time enrollment is 12 credit hours and the student is enrolled in 7 hours, the enrollment intensity would be 7 ÷ 12 × 100% = 58.3% (round to 58%). 

U.S. Department of Education (.gov)

200

The amount of credits a student must be enrolled in to be considered full time financial aid eligible for 2023-2024?

What is 12 semester credits?

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 median monthly income you can earn with an associates degree

What is $3,861 Monthly Pay.

300

This is the amount you may be reimbursed for by an employer that offers Employer-pad Tuition Assistance

What is $5,250

300

What males ages 18-25 must register for but it is no longer required for federal aid?

What is the selective service? 

Males don't need to sign up for the Selective Service to receive financial aid, but registering for it is still required for men between the ages of 18 and 25. 

300

What must you do to continue receiving federal student aid? 

What is make Satisfactory Academic Progress in college or career school.  

Three components: 

Qualitative -GPA, 

Quantitative- Completion rate of attempted credits, Maximum Time Frame -Degree completion within 150% of length of program.

300
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan
300

The 4 types of degrees you can earn at a 4-year college & university

What is bachelors, Masters, Doctorate and Professional

400

This is the cost of attendance at a State University and living on campus

What is $20,409 With Parent/Relative and $33,105 Off Campus $33,105?

400

This is an institutional award for students that demonstrate additional financial need and can provide $100-$4,000 in additional funds above and beyond for FL State & Pell Grants and do not need to be repaid.

What is the Federal Supplemental Educational Opportunity Grant (SEOG)

400

This is the combination of a families income and net worth used to determine financial aid eligibility

What is EFC for 2023-2024?

(Expected Family Contribution) will be replaced with the Student Aid Index (SAI) 

– this is a new need analysis formula that we will use when awarding need-based grants and scholarships.

400

The monthly repayment amount for a student who has borrowed $20,000 in loans

What is $212?

 Example, you borrow $20,000 in student loans with an interest rate of 5%. Your monthly payment on a standard 10-year term would be $212. By the end of the loan, you'll have paid $5,456 in interest.

400

The median weekly income for someone who earns only a high school diploma

What is $853?

500

What Florida Residents can apply for when attending colleges in Florida?

What is tuition reciprocity? 

Instate Tuition Cost.

500

a community service opportunity available for students to help finance part of their education. 

What is AmeriCorps?

most AmeriCorps members receive a modest living allowance during their service term. AmeriCorps NCCC and FEMA Corps Members receive a modest living allowance that equals roughly $180 every two weeks, before taxes (approximately $4000 for a 10-month Traditional Corps term, or $4800 for a 12-month FEMA Corps term.)

500
Name 3 of the qualifying events that qualify as a change in financial status due to a special circumstance
Loss of a job, serious illness, disability, significant medical expenses, Separation or Divorce, Death in the Family
500
The amount of a direct stafford loan that an independent student can receive while in their 4th year of college
What is $12,500
500

The measurement of the percentage of first-time, freshmen undergraduates who continue to enroll in the following academic year. , full time student return to that same college in known as the __________________ rate

What is retention rate?