Money, Money, Money
Financial Fit
Money Miscellany
More Financial Terminology
The Fun Stuff
100

This form is required by most colleges to determine eligibility for federal financial aid. 

What is the FAFSA?

100

Colleges that promise to meet 100% of demonstrated financial need are often described with this phrase. 

What is "meet full need"?

100

This term refers to comparing multiple colleges based on affordability and financial aid packages.

What is financial fit?

100

This percentage represents the portion of students receiving financial aid at a college.

What is the financial aid rate?

100

This University of Florida mascot is an alligator named after the school’s nickname.

What is Albert the Gator? or Al E. Gator?

200

This type of aid does not need to be repaid and is often based on financial need. 

What is a grant?

200

This is the difference between the cost of attendance and the financil aid offered. 

What is the net price?

200

This document outlines the financial aid a college is offering a student.

What is a financial aid award letter?

200

This term describes aid that depends on a student’s financial situation.

What is need-based aid?

200

These colors—maize and blue—are famously worn by this Big Ten university.

What is the University of Michigan?

300

This financial term refers to the total cost of attending a college before aid is applied. 

What is Cost of Attendance (COA)?

300

This type of scholarship is awarded based on academic, athletic, or other achievements rather than financial need.

What is a merit-based scholarship?

300

This strategy involves asking a college to reconsider your financial aid package.

What is an appeal for financial aid?

300

This is the yearly interest rate charged on borrowed student loans.

What is the interest rate?

300

This University of Georgia mascot is an English bulldog often seen on the sidelines.

What is Uga?

400

This is the amount a family is expected to contribute toward college costs, based on financial data. 

What is the Student Aid Index (SAI)?

400

This federal loan does not accrue interest while the student is enrolled at least half- time. 

What is a subsidized loan?

400

This type of school may cost less for residents of the same state.

What is an in-state public university?

400

This federal program allows students to earn money through part-time jobs while enrolled.

What is Federal Work-Study?

400

These colors—garnet and gold—represent this Florida university in Tallahassee. 

What is Florida State University?

500

This type of financial aid must be repaid with interest after graduation. 

What is a student loan?

500

This tool on college websites helps families estimate their out-of-pocket cost. 

What is the Net Price Calculator?

500

This is the amount you must pay out of pocket or borrow after all aid is applied.

What is the remaining balance (or out-of-pocket cost)?

500

This term refers to how much debt a student is expected to graduate with.

What is total student loan debt?

500

This University of Tennessee mascot is a bluetick coonhound named Smokey.

What is the Tennessee Volunteers?