Terms: What do they mean?
What does FAFSA stand for?
Free Application for Student Aid
FAFSA is run by the __ government.
Federal
TRUE!
What's the difference between a need-based and merit-based scholarship?
Need-based: financial need
Merit-based: skills, achievements, GPA, etc.
What does CADAA stand for?
CA Dream Act Application
California
It is not a graduation requirement to apply to FAFSA or CADAA.
FALSE!
Is this TRUE or FALSE? If your family makes a lot of money, you shouldn't fill out the FAFSA or CADAA.
FALSE - even if your family makes a lot of $ there's still many reasons to apply: req to graduate, scholarships, how you get student loans
What is a grant?
A grant is money that you do not need to repay.
Who else besides you will have to fill out the FAFSA or CADAA? (unless you are "independent")
Your parent/guardian
You should do your FAFSA or CADAA application once every year you are in college.
TRUE!
What does AB 540 mean?
A student has gone to school in CA for at least 3 years. This helps students who are not "residents" of CA or the U.S. still receive financial aid.
What does it mean if a loan is subsidized?
The interest on the loan borrowed for tuition is paid for by the government. Not the student.
When is the priority deadline for FAFSA and CADAA?
Usually around March 1
Work-Study is available for all students who go to college.
FALSE! (only if you're eligible based on your application!)
What year was FAFSA created? (Closest answer wins)
1992
What does it mean if a loan is unsubsidized?
The student has to pay for all interest on their loans, including while they are in school! The interest on the loans starts as soon as they get the funds from the loan.
You will need this to fill out the FAFSA, but not the CADAA.
Social Security Number
Grants are the only financial aid $ you do not have to repay.
FALSE (scholarships are free $ too!)
What year was CADAA created? (Closest answer wins)
2013