Types of Financial Aid
The two types of gift aid
What are grants and scholarships?
Money that you borrow and must pay back with interest
What are loans?
The acronym FAFSA stands for
What is the Free Application for Federal Student Aid?
The two examples of Direct costs
What are tuition and fees?
A word made by shortening and combining two words
What is contraction?
Federal program that provides part-time jobs to students with financial need
What is Work-Study?
A difference between federal loans and private loans
What is...
- interest rates
- repayment options
Expenses that will appear on your University bills and is owed directly to the university.
What are Direct Costs?
The 3 forms of financial assistance the institution (university) can provide
What are school scholarships, school grants, and school-specific loans?
3𝑥−7=2𝑥+5
Solve for 𝑥.
What is 12?
The 4 sources of financial aid funding
What are Federal, State, Private, and Institutional?
Free application that helps students determine their eligibility for state financial aid at state colleges and universities for state residents.
What is Texas Application for State Financial Aid (TASFA)?
The documentation sent from a college or university to the student that details how much financial support the student is eligible to receive
What is award letter?
A college's total estimated expenses for one year, including tuition, university fees, room and board, books, supplies, transportation, and miscellaneous expenses.
What is Cost of Attendance (COA)?
the phrase 5 less than y is written
What is y-5?
The 3 forms of financial assistance the federal government provides
What are grants, federal loans, and work-study?
The ______________________________ is an application for institutional, nonfederal aid. This application aims to gather more information about your family's financial situation than the FAFSA.
What is the College Scholarships Service (CSS) Profile?
After completing the FAFSA or TASFA, this number helps financial aid offices determine how much federal student aid a student may be eligible for
What is the Student Aid Index (SAI)?
Variable expenses that will not always appear on your university bill but are estimated costs associated with going to college and should be included in your budget
What are indirect costs?
A device that can only be used between two independent clauses and operate like a period.
What is a semi-colon?
Financial award granted to students based on their individual academic achievements and performance abilities, rather than their financial need.
What is merit-based scholarship?
Fatima took out a loan where she will not be charged interest while she is studying. Name the type of federal loan.
What is Direct Subsidized Loan?
The difference between a school’s cost of attendance (COA) and the student’s Student Aid Index (SAI) number.
What is Demonstrated Financial Need?
Jessie has been awarded a $6,000 scholarship and a $7,000 Texas grant. Texas State average cost of attendance is $20,500 a year. Jessie's net cost is
What is $7,500?
A ladder is leaning against a wall. The bottom of the ladder is 6 feet away from the base of the wall, and the top of the ladder touches the wall 8 feet above the ground. The length of the ladder, in feet?
What is 10ft?