Types of Aid
This type of aid does not need to be repaid.
What is a grant or scholarship?
The acronym FAFSA stands for this.
What is Free Application for Federal Student Aid?
Scholarships and grants are often called this type of aid.
What is "gift aid"?
These loans are offered by the federal government.
What are federal student loans?
This is the total estimated cost of attending a college.
What is the Cost of Attendance (COA)?
This federal program allows students to earn money through part-time jobs.
What is Work-Study?
The earliest you can file the FAFSA each year.
What is October 1?
This federal grant is awarded to students with exceptional financial need.
What is the Pell Grant?
This loan type does not accrue interest while the student is in school.
What is a subsidized loan?
Tuition, fees, room, and board are all examples of these costs.
What are direct costs?
Aid that must be paid back with interest.
What are student loans?
This number determines how much aid you may receive.
What is the Expected Family Contribution (EFC)?
This type of scholarship is based on a student’s GPA or test scores.
What is a merit-based scholarship?
Private loans differ from federal loans in this major way.
What is credit-based approval or higher interest?
Books, supplies, and transportation are examples of these.
What are indirect costs?
This type of aid is awarded based on financial need and does not require repayment.
What is a need-based grant?
You need this number to log into FAFSA online.
What is an FSA ID?
State governments often provide these to in-state students.
What are state grants or scholarships?
This is a grace period after graduation before repayment starts.
What is 6 months?
This financial aid office resource estimates your financial package.
What is a net price calculator?
Aid awarded for academic, athletic, or other achievements.
What is a merit-based scholarship?
FAFSA must be filed every year for this reason.
What is to determine updated eligibility?
This organization often offers scholarships to children of employees.
What is a private company or employer?
This term refers to combining multiple loans into one new loan.
What is loan consolidation?
This is the difference between COA and your financial aid package.
What is unmet need or out-of-pocket cost?