The type of aid you would receive that is "FREE" and you do not have to pay it back.
What is gift aid?
This can come in the form of Grants, scholarships, and endowment funding.
100
This is the application that you would complete after January 1st. All of your colleges receive this application as does VSAC. This is what colleges use to assess your financial need. And, what the Government uses to determine your Pell Eligibility and Stafford Loan Eligibility. Oh, and it's a FREE application.
What is the FAFSA (Free application for Federal Student Aid)?
www.fafsa.ed.gov
100
This scholarship is based ONLY on your grades and your class rank or your community service. It can be administered through the college or it may be a scholarship that you would have to apply for to receive.
What is a Merit Scholarship?
100
The total number of colleges that you can put on your FAFSA.
What is ten. After 10, you need to submit and go back and add additional colleges.
100
COA
What is the Cost of Attendance?
200
This is the amount of money that your parent is expected (or Estimated) to pay for you to attend college. It is determined when you complete the FAFSA.
What is Expected or Estimated Family Contribution (EFC)?
200
This is the application that you access through the Collegeboard. It is what some Private Colleges use to determine institutional aid. It is not a free application.
This is a grant can be worth up to $5765. You must complete the FAFSA to see if you are eligible to receive it. You can receive this grant every year, but you have to renew the FAFSA. It is named after a senator whose first name is Claiborne.
What is the Pell Grant?
200
This is the last page of your FAFSA. It tells you how much your EFC is, and what you are eligible to receive in Stafford Loans. It also tells you of your Pell Eligibility.
What if your confirmation page?
200
The Application for Federal Student Aid. It is Free! And you can complete it after January 1st.
What is the FAFSA?
300
Loans, work study, your savings, and your summer job or a job that you may have during the academic year that you can use to pay for your college education.
What is self-help?
300
This is a letter that you receive that explains what you get for financial aid. You need to accept or decline the amount of funding that you receive.
What is the your college award letter?
300
This is the type of scholarship that is available from your community members or Town. You would have to get the application for this scholarship from your Guidance counselor.
What is a local scholarship?
300
After you take out your loans they start to accrue this. It is extra money you have to pay back for the privileged of using Federal or Private money for college expenses.
What is interest?
300
SAFE
What is the criteria for searching for finding a good college fit?
Social
Academic
Financial
Emotional
400
This is a type of self-help that you are eligible to receive after you complete the FAFSA, but you still need to apply for it during the summer of your senior year.
What is the Subsidized Stafford Loan?
400
After you and your parents have competed your taxes, you need to go back on the FAFSA page and link to this site to complete the ______ ________________. (Two words).
What is IRS Retrieval?
400
In order to receive this "gift aid" from the State of Vermont, you need to complete this on-line application on the VSAC site using your MYVSAC account.
What is the Vermont State Grant, or VSAC Grant, or Vermont Incentive grant? (it is commonly referred to in one of those three ways).
400
Sometimes when there is a GAP in your college costs versus how much you receive, your parents can take out a loan to assist you.
What is the PLUS loan or the Vermont Advantage Loan.
400
This is a federal grant that can be renewed. The application is the FAFSA. And that amount you are awarded is on the confirmation letter and it is also on the college award letter.
What is the Pell grant?
500
The total amount that you could take out with your combined Stafford Unsubsidized and Subsidized Loans.
What is $27,000
$5,500 - Freshman year
$6,500 - Sophomore year
$7,500 - Junior year
$7,500 - Senior yea
__________________________
$27,000
500
This is called a MPN. It is something that you need to sign when you take out a Stafford Loan. It is the agreement to pay your loan plus your interest back.
Master Promissory Note. You complete this after you have completed your Loan Counseling on the federal college loan website: www.studentloans.gov
500
Generally you will have to write one of these in order to receive a scholarship. It would be your time to shine and stand out!
What is a scholarship essay?
500
This is a calculator that you would use to help you determine the net price of a college.
What is the net price calculator?
500
SAR
Student Aid Report - this is available on-line after the FAFSA is completed.