Financial Aid 101
The application used to apply for financial aid.
What is the FAFSA?
The number of credits a student needs to be enrolled in to qualify for a student loan.
What is 6.
FAFSA
What is Free Application for Federal Student Aid?
These have a relatively low interest rate and need to be repaid.
What is a loan?
The government pays the interest on this type of loan while you are enrolled at least half-time.
What is a subsidized Stafford loan?
What is a priority deadline?
When the FAFSA needs to be submitted by
EFC (hint: this is the amount your family should be able to pay towards your education based on your FAFSA)
What is the Estimated Family Contribution?
Type of financial aid that does not have to be repaid, and is based on grades or merit.
What is a Scholarship?
What you need to create to electronically sign your FAFSA.
What is the FSAID?
The type of loan where the government does not pay your interest while you are enrolled half time.
What is an Unsubsidized Stafford Loan
What month is the most common scholarship deadline?
March
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
This type of financial aid does not have to be repaid and is based on financial need.
What is a Grant?
How many schools can you add to the FAFSA?
What is 10.
The number of months you have as a "grace period" (after you stop attending school/ drop below half time) before you have to begin repayment of your Stafford loans.
What is 6 months?
The last Priority application date for the Fall term...
What is May 1st?
MPN (hint:your promise to repay your student loans)
What is a Master Promissory Note?
This type of financial aid is need-based, and must be earned by working a job.
What is Work Study?
You're generally considered a Dependent Student until you reach this age.
What is 24
The quiz that you must complete electronically before your loans are disbursed.
What is an Entrance Counseling Interview?
What is May 1?
SAR (hint: this is sent to you to summarize the information on your FAFSA)
What is Student Aid Report?
Who can help you fill out the FAFSA?
Who is Ms. Grande?