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Financial Aid Basics
Grants & Scholarships
FAFSA
Student Loans
Acronyms
100

This is the type of student who doesn't have to report their parent's financial information for FAFSA

An independent student

100

A type of federal financial aid that does not have to be repaid

A grant

100

This is the earliest students can complete the FAFSA every year

October 1st

100

These types of students must submit financial information for their parents on the FAFSA

Dependent students

100

FAFSA stands for

Free Application for Federal Student Aid

200

Name 2 types of financial aid

 Grants, scholarships, loans and work-study


200

What is the amount you can be awarded for the Dream Team scholarship

$500 to $1,500

200

How often does the FAFSA need to be completed 

Every year

200

What is the difference between a loan and a grant

A loan is money that must be repaid

200

EFC stands for

Expected Financial Contribution

300

How many credits do you have to take to be considered full time financial aid eligible


12 credits

300

What is the highest amount you can be awarded for a Federal Pell Grant

Up to $6,195

300

You use this to sign your financial aid application online

Your FSA ID

300

What is the type of federal loan when interest accrues while the student is in school and the student has to pay back the interest

An unsubsidized loan

300

COA stands for

Cost of Attendance

400

This worksheet is used when colleges require more information about your income

A verification worksheet

400

What do you get if you are awarded the Boettcher Scholarship

A full-ride to any four-year institution in Colorado

400

What is used to determine financial aid eligibility

Families income and net worth (expected financial contribution)

400

What is the type of federal loan when the government pays the interest on the loan

A subsidized loan

400

SAR stands for

Student Aid Report

500

Name 1 thing that can make you ineligible for Federal Financial Aid

  • are in default on a federal student loan (don't pay your loans)
  • fail your classes
  •  are convicted of a drug offense.
500

Name 1 eligibility requirement for the Daniel's Fund scholarship

  • Be a high school senior graduating from a school in Colorado, New Mexico, Utah, or Wyoming
  • Be a resident of Colorado, New Mexico, Utah, or Wyoming
  • Be a citizen or permanent resident of the United States
  • Minimum SAT Math score of 490 and minimum Evidence-Based Reading & Writing score of 490 or minimum ACT score of 18 in each category (writing score not required). Super scoring is not accepted.
  • Minimum GPA 3.0
500

Name 1 of the events that qualify as a change in financial status due to a special life circumstance

Loss of a job, serious illness, disability, significant medical expenses, Separation or Divorce, Death in the Family.

500

How many months can pass before you must repay your loans once you graduate, leave school, or drop below half time

6 or 9 months (depending on the type of loan)

500

COF stands for

College Opportunity Fund