Financial Aid Basics (1)
These are the 3 forms of financial aid
What is Grants/Scholarships, Loans, and Work-study
This is the earliest students can complete the FAFSA every year
What is October 1st
A postponement of a loan payment
What is Deferment
A learning method that involves direct experience, reflection, and critical analysis to help students develop knowledge and skills
What is experiential learning
This is what Undocumented students can complete to receive IL State Aid
What is the RISE application
The amount of credits a student must be enrolled in to be considered full time financial aid eligible
What is 2.5 Knox credits
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
The name and animal of Knox's mascot
What is Blaze the fox
The organization that provides state financial aid awards for IL residents
What is ISAC/Illinois Student Assistance Commission
What students and contributors have to provide on their FAFSA in order for the IRS to share tax data on the application
What is consent
The median monthly income in 2022 for full-time workers that possess a high school diploma
What is $41,800
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan
A $2,000 grant to support experiential learning opportunities with juniors and seniors
What is Power Of Experience
The annual Knox scholarship range based on students' academic achievements
What is $35,000 to $45,000 a year
This is a state award for IL students that demonstrate additional financial need
What is the IL MAP (monetary award program) grant
This is the combination of a families income and net worth used to determine financial aid eligibility
What is SAI/student aid index
A Federal loan that a parent can apply for to help with the student's education
What is a Parent PLUS loan
This is the height of the shortest NBA player of all time.
What is 5'3? Muggsy Bogues who played predominantly for the Charlotte Hornets.
The name of the teacher preparation program for IL residents
What is Golden Apple
A community service opportunity available for students to help finance part of their education
What is AmeriCorps?
The median monthly income in 2022 for full-time workers that possess Bachelor degrees
What is $66,600
Student loans provided by third party, non-Federal loan lenders
What are private loans
The building with the whale
What is the Umbeck Science-Mathematics Center