Financial Aid Jeopardy

Types of aid

100

This is free money awarded that is based off of financial need (hint: this is not a scholarship).

What is a grant?

200

This free money that can be awarded based one or more of these factors: grades financial need community involvement and/or an essay.

What are scholarships.

300

Is a New York State grant program that provides money for tuition to eligible residents attending college full-time or part-time in NYS.

What is TAP?

400

You have to pay this money back with interest once you graduate from college.

What are loans?

500

These jobs are reserved at an institutions on campus for specific students. The money that is earned from this type of job is paid directly to the student, and the student can use it for personal expenses (i.e. travel, food, car payments).

What is work study?

FAFSA

100

This is a unique 4-digit number that you use to electronically sign your FAFSA.

What is a PIN?

200

This is about how long it takes for most people to complete the FAFSA in one sitting.

What is 30 minutes?

300

This is how much the FAFSA costs to fill out.

What is $0, nothing, free (all acceptable answers).

400

True or False: Students have to file the FAFSA each year that they are in school?

What is "true"?

500

This is the priority deadline for filing the FAFSA to recieve scholarships and grants.

What is March 1?

Terminology

100

If a student is 24, married, pursuing a professional degree, active in the military, a veteran, a parent, has/had been in foster care, adopted, an emancipated minor, has/had been homeless, then their FAFSA filing status is this.

What is independent?

200

When a student relies on their parent's or parents' financial income, this is their FAFSA filing status.

What is dependent?

300

This is the first figure used in the formula that institutions use to calculate how much money you'll receive toward your education. This is the term for the total amount that it will cost you to attend a particular information.

What is "cost of attendance".

400

This is the second figure used in the formula that institutions use to calculate how much money you'll receive toward your education. This is the term for the amount of money FAFSA has calculated your family is able to contribute to your education. (Hint: this is subtracted from your Cost of Attendance).

What is student aid index (or SAI)?

500

This is the value acquired from the formula that institutions use to calculate how much money you'll receive toward your education. Your cost of attendance minus your expected family contribution equals this value: (CoA-EFC)=?

What is financial need?

Fun Facts

100

This is the earliest date by which you'll hear back from your college about your Financial Aid package.

What is March 8?

200

Participation in this type of program could be a condition of your acceptance to a university. (Hint: participation in this program is mandatory).

What is a Summer Bridge Program.

300

Enrollment deposits are due on this date.

What is May 1?

400

True or False: If you don't know what you want to major in right now, you should panic!

What is "false"!

500

These are two ways that scholarships can be categorized. (HINT: these are not offered by the institutions themselves)

What are "local" and "national"?