Show:
Show Me The Money
Financial Aid for High School Students
Savings and Loans
It Costs How Much To Go There?
FAFSA
100
What Are Some Forms Of Financial Aid?
Scholarships, Grants, Loans, Work Study
100
What does FAFSA stand for?
Free Application for Federal Student Aid
100

What are loans taken by a parent to pay for a child's education?

Parent PLUS Loans

100
What types of costs are directly billed to a student by Universities?
Tuition, Room and Board, Fees
100
What is the Free Application for Federal Financial Aid webpage?
www.fafsa.ed.gov
200
What form of Financial Aid is based on the students application including GPA, SAT, Recommendations, and Extra Curricular Activities
Merit Scholarships
200
Who is eligible for Federal Aid?
Every U.S. citizen or eligible noncitizen
200
What is an interest rate that remains the same over the life of the loan?
Fixed Interest Rate
200
What is included in the Cost Of Attendance?
Direct Costs PLUS estimate for books, supplies, transportation, personal expenses.
200

A loan where the interest rate can increase or decrease over time.

Variable Rate Loan

300
What type of Financial Aid has to be paid back?
Loans
300

A temporary pause on loan payments where interest may still accrue.

forbearance

300
What are non Federal Loans in a student's name?
Private Student Loans
300

A college savings plan sponsored by a state.

529 Plan

300

What is the cost of the FAFSA

Free

400
What Type Of Financial Aid Does NOT Have To Be Paid Back?
Grants
400

The percentage charged on borrowed money.

Interest Rate

400

To minimize debt, financial experts recommend this specific 3-step sequence of funding to pay for college. 

Free Money, Your Money, Borrowed Money. 

400

Time after leaving school before you must start repaying a loan.

grace period

400

How often do you need to apply for the FAFSA

Yearly

500

It is need-based, but must be earned through a job.

Work-study

500

The original amount of money borrowed or saved.

Principal

500
What type of loan's interest does not begin accruing until repayment begins?
Subsidized Loans
500

Temporary pause on loan payments that may be interest-free.

Deferment

500

When does the FAFSA become available?

October 1st