Financial Aid Terms
Application that is completed and submitted to the fed govt to determine if a student is eligible for funds to help pay for school
What is FAFSA?
This type of financial aid is awarded to student directly from the college/university
What is institutional aid?
This type of financial aid is based on need; does not have to be repaid
What are grants?
FAFSA is the acronym that stands for this...
What is Free Application for Federal Student Aid?
The four types of financial aid
What is Grants, Scholarships, Work-study, and Loans
Joshua is planning to search for books for free in the library and minimize his personal expenses to lower what part of his cost of attendance?
What are indirect costs?
Eleanor lives in Atlanta, GA and has a 3.2 GPA and plans to go to Georgia State University. What scholarship is she eligible for?
What is the HOPE Scholarship?
The 2024-2025 amount for Pell Grant
What is $7,395?
Maria subtracts the total she’ll be receiving in financial aid from her estimated cost of attendance to find . . .
What is a financial aid gap?
Elaine gets offered a job at her university’s bookstore for part-time hourly pay. What kind of opportunity is this?
What is work study?
This scholarship provides full tuition to GA residents who have a 3.7 or greater GPA and a score of at least a 1200 reading and math on the SAT or an ACT composite score of 26
What is Zell Miller Scholarship?
T/F: I can go to college with a 2.5 GPA
What is true?
After submitting her completed FAFSA, Katrina has an SAI of -1500. What is she eligible to receive from the fed govt (include name)
What is the Pell Grant?
This category of the cost of attendance would be impacted if Elijah decided to live off campus
What is room & board?
This type of loan accrues interest as soon as you accept the loan
What is unsubsidized loan?
T/F:
I can’t get a scholarship unless I have all A’s
What is False?
The cost of attendance is made up of these 4 components
What is tuition, room & board, books & supplies, and other expenses?
Mira is offered a scholarship from Auburn University for her outstanding GPA and AP courses and scores. What kind of scholarship is this?
What are merit based scholarships?
Christopher applied for a scholarship for students seeking a trade degree in automotive technologies, but he plans to attend a 4-year school for business management. What factors is he overlooking in the application process?
What are good fit factors?
T/F:
Amina has the HOPE GPA and a merit-based scholarship from UGA, if she enrolls in 8 credit hours, she will still be eligible for her full scholarship award.
False