Grants and Scholarships
The type of financial aid that is based on merit or achievement
What are Scholarships?
This is the type of financial aid that must be repaid with interest after graduation
What are Student Loans?
The form you fill out to apply for federal student aid is call
What is FAFSA?
The Financial Aid Office is located in
What is the Admissions Building?
Comprehending certain financial principles and concepts, such as the time value of money, compound interest, managing debt, and financial planning is
What is Financial Literacy?
The type of financial aid that does not have to be repaid
Is used to apply for federal student loans
What is the FAFSA?
FAFSA stand for
What is the Free Application for Federal Student Aid?
This is where one goes to accept or decline financial aid offers
What is CAMS My Financial Aid Link?
A percentage of your income goes towards necessities, then another percentage towards wants, and the last percentage goes towards saving & debt repayment
What is the 50/30/20 rule?
This is a way to find additional sources of funding for college
What is applying for Scholarships?
A type of federal student loan available to graduate students and parents of dependent undergraduate students that can be used to pay for education expenses not covered by other financial aid
What is the Federal Direct PLUS Loan?
You renew your Federal Financial Aid for the next year on
What is October 1st?
This is where one can see the balance owned to the University
What is CAMS My Ledger Link?
A budgeting method that allows you to physically portion out your monthly income toward different spending categories. The concept simply take a few envelopes, write a specific expense category on each one — like groceries, rent, or student loans — and then put the money you plan to spend on those things into the envelopes
What is the Envelope System?
The most common sources of scholarships and grants for college students are
What is FAFSA?
The type of loan that while enrolled in college the interest is paid for by the education department
What are Direct Subsidized Loans?
This is the office that can assist with charges on ones account, FL Prepaid, book vouchers, and student refunds
What is Student Business Services?
A budgeting approach that involves developing a new budget from scratch every time (i.e., starting from “zero”), versus starting with the previous period’s budget and adjusting it as needed
What is Zero-Based Budgeting?
Federal Student aid and Bright Futures will help cover summer classes if one is taking __ or more credits
What is 6?
A federal loan for which a student is immediately responsible for interest as it accrues
What is a Direct Unsubsidized Loan?
EFC stands for
What is Expected Family Income?
A good resource FL Poly offers to assist students with budgeting and managing their financial aid
What is iGrad Financial Literacy Platform?
A budgeting method which you save money for things in your monthly budget that don’t come up every single month
What is the Sinking Fund Method?