A period of time when payment on a loan is temporarily postponed
What is a deferment?
100
The earliest date that FAFSA forms can be completed for the upcoming school year?
What is January 1st.
100
FAFSA
What is Free Application for Federal Student Aid?
100
These have a relatively low interest rate and need to be repaid.
What is a loan?
200
The 2010 non-consumer debt.
What is 874 billion dollars?
200
A temporary postponement or reduction of payments for a period of time.
What is a forbearance
200
Summer's priority filing deadline...
What is April 1st.
200
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?
200
Type of financial aid that does not have to be repaid, and is based on grades or merit.
What is a Scholarship?
300
A program used to track all purchases by category.
What is Quicken?
300
A program that offers repayment plans.
What is the Federal Family Education loan program?
300
Priority application for Spring term...
What is October 1st.
300
SAP (hint: how well are you progressing?)
What is Satisfactory Academic Progress?
300
This type of financial aid does not have to be repaid and is based on financial need.
What is a Grant?
400
Extra money you get for lending money to the bank.
What is interest?
400
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?
400
Priority application date for the Fall term...
What is May 1st.
400
MPN (hint:your promise to repay your student loans)
What is a Master Promissory Note?
400
This type of financial aid is need-based, and must be earned by working a job.
What is Work Study?
500
Payments extended over a period of time for goods or services, sold on trust
What is credit?
500
The quiz that you must complete electronically before your loans are disbursed.
What is an Entrance Counseling Interview?
500
Last day to drop your classes and receive a full tuition refund...
What is the census date.
500
SAR (hint: this is sent to you to summarize the information on your FAFSA)