True/False
You must declare a major before you start college.
False: Many students start college undecided and choose a major later.
Unlike student loans, scholarships, & work study, this type of financial aid does not need to be repaid.
What is a grant?
Unlike grants, this type of financial aid must be repaid with interest.
What is a loan?
This program provides an opportunity to help students earn money while in college.
What is work-study?
This type of financial aid does not have to be repaid and is often awarded for achievements or a student's athletic talent.
What is a scholarship?
FAFSA can help determine your eligibility for grants, loans, and work-study programs.
Answer: ✅ True
FAFSA is used to assess financial need and eligibility for aid.
Does interest fees for GRANTS accumulate on the money you receive?
NO
Does a student need to fill out the FAFSA to get a loan?
Yes
To be considered for work-study, you must submit this financial aid application.
What is the FAFSA?
True/False: Scholarships can come from private sources like companies, foundations, and local groups.
True
Community colleges do not offer degrees.
Answer: ❌ False
Community colleges offer associate degrees and certifications.
Where does grant money come from?
What is the government?
Where does grant money come from?
What is government & banks?
True/False: You can choose to complete your work-study off campus.
False, you have to work on campus
Many scholarships require this type of personal writing that explains who you are and why you deserve the award.
What is an essay?
Private colleges are always more expensive than public colleges.
Answer: ❌ False
Private colleges often offer more financial aid, which can make them more affordable.
The Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded on a first-come, first-served basis. Why is it important to apply early?
Because funds are limited and may run out.
You’re usually given this many months after graduating before your first federal loan payment is due.
What is a 6-month grace period?
True or False: Money earned from work-study is automatically applied to your tuition bill.
What is False? (You receive a paycheck and choose how to use it.)
True/False: Scholarship criteria can vary widely depending on the provider to determine scholarship eligibility.
True: GPA, Class Rank, SAT/ACT Scores, Financial Need, Extracurricular Involvement, First-generation college student, Field of Study or Career Goal, etc.
Your high school extracurricular activities can strengthen your college application.
Answer: ✅ True
Colleges look for well-rounded students with leadership and involvement.
You must complete this form each year to apply for federal grants.
What is the FAFSA (Free Application for Federal Student Aid)?
Name one benefit of receiving a loan as financial aid for college.
*Vary answers may apply
If you decline work-study, can you still receive other types of financial aid?
What is Yes?
This type of scholarship is based on your academic performance, talents, or skills—not financial need.
What is a merit-based scholarship?