FAFSA
The online application you need to complete each year to apply for college financial aid from the federal government:
What is the FAFSA?
A tax-advantaged savings plan designed to help pay for education
What is a 529 Plan
What is the top selling book of all time?
The Bible
A nine-digit identification number unique to each individual
What is a social security number
Be sure to correctly enter your SSN on the FAFSA and use your address exactly as used on your tax form
the maximum annual direct loan amount for first-year dependent college students
What is $5,500
The FAFSA Application can be submitted starting on this date
What is October 1st
Allows students and their families to divide the cost of college into equal monthly installments
What is a Tuition Payment Plan
What is the boiling point of water?
212 F or 100 C
Used to electronically sign the FAFSA, and also used to electronically sign promissory notes for federal student loans.
What is a FSA ID
The interest rate remains the same throughout the term of the loan.
What is a fixed interest rate loan.
Federal student loans offer fixed rates. Current direct loan interest rate is 4.99% (thru June 30, 2023).
What are Assets that are NOT reported on the FAFSA?
Free resources available to pay for college
What are Scholarships and Grants
What food never expires?
Honey
an under the income grant that FAFSA gives out.
What is a Pell Grant?
How often does your FAFSA need to be filled out in order to get loans?
Once a year.
the most influential factor on the FAFSA in determining your Expected Family Contribution (EFC) or Student Aid Index (SAI)
What is your annual income?
A part-time job on-campus where earnings are often used to help pay for college
What is Work-Study
What is the national animal of Scotland?
Unicorn.
something a student needs to do (in addition to completing the FAFSA) before they will receive a financial aid offer from a college
What is applying for Admission and being accepted
What might a 'full-ride' not pay for.
Private School Room and Board
FAFSA stands for...
What is the Free Application for Federal Student Aid?
A federal loan available to nearly ALL college students regardless of family income
What is a Direct UNSUBSIDIZED Student Loan
Which US city is 'The Windy City'
Chicago.
Through this (a performance-based organization), the U.S. Department of Education awards more than $120 billion a year in grants, work-study funds, and low-interest loans to approximately 13 million students.
What is Federal Student Aid
What is your signature called that gives submission to the loan?
MPN