Financial Aid 101
Take a Loan?
Important Dates
Acronyms
Double Jeopardy
100
The application used to apply for financial aid.
What is the FAFSA?
100
The number of credits a student needs to be enrolled in to qualify for a student loan.
What is 6?
100
The earliest date that FAFSA forms can be completed for the upcoming school year.
What is January 1st.
100
FAFSA.
What is the Free Application for Federal Student Aid?
100
These have a relatively low interest rate and need to be repaid.
What is a federal student loan?
200
The website address where you submit your FAFSA.
200
The government pays the interest on this type of loan while you are enrolled at least half-time.
What is a subsidized Stafford loan?
200
NOVA's Summer priority 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 Expected 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
What you need to create to electronically sign your FAFSA.
What is a PIN number?
300
The type of loan where the government does not pay your interest while you are enrolled half-time.
What is an Unsubsidized Stafford Loan?
300
NOVA's Spring priority deadline.
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
003727.
What is NOVA's School Code?
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
NOVA's Fall priority deadline.
What is May 1st?
400
MPN (hint: your promise to repay your student loans).
What is the 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
You're generally considered a Dependent Student until you reach this age.
What is 24?
500
The quiz that you must complete electronically before your loans are disbursed.
What is 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).
What is the Student Aid Report?
500
The names of your three Financial Aid Advisors at MEC.
Who are John, Sadaf and Sonta?