PAYING FOR SCHOOL
FAFSA FACTS
INSTITUTIONS AND DEGREES
COLLEGE COSTS
MYTH OR FACT
100

DIFFERENT JOBS YOU CAN GET ON CAMPUS AND A 4 YEAR COLLEGE THAT GIVE YOU SOME EXTRA MONEY AS WELL AS TIME TO DO YOUR SCHOOL WORK

WHAT IS A WORK STUDY JOB 

100

PAPERWORK YOU FILL OUT BEFORE APPLYING TO COLLEGE TO SEE WHAT KIND OF AID AND GRANTS YOU QUALIFY FOR. 

WHAT IS A FAFSA APPLICATION. 
100

THESE SCHOOLS OFTEN OFFER A 2 YEAR ASSOCIATE'S DEGREE OR PROFESSIONAL CERTIFICATIONS. 

WHAT IS A COMMUNITY COLLEGE

100

THESE STUDY MATIERIALS CAN ADD HUNDREDS OF DOLLARS TO YOUR EXPENSES EVERY YEAR AND ARE OFTEN REQUIRED. 

WHAT ARE TEXT BOOKS

100

ONLY STUDENTS WITH PERFECT GRADES CAN GET SCHOLARSHIPS 

WHAT IS A MYTH? 

200

THIS TYPE OF FINANCIAL AID IS OFTEN BASED ON FINANCIAL NEED AND INCOME OF YOUR FAMILY. IT DOES NOT USUALLY HAVE TO BE PAID BACK

WHAT IS A GRANT? 

200

WHAT ARE TWO FACTORS OF YOUR PARENTS FINANCES THAT HELP DETERMINE WHAT KIND OF GRANTS AND LOANS YOU WILL QUALIFY FOR? 

WHAT IS INCOME AND CREDIT SCORE? 

200

2 OR 4 YEAR INSTITUTION THAT IS PAID FOR AND ADMINISTERED BY THE STATE THE SCHOOL IS LOCATED IN AND IS OFTEN CHEAPER FOR STUDENTS WHO LIVE IN THAT STATE

WHAT IS A STATE COLLEGE OR UNIVERSITY 
200

STUDENTS WHO STAY ON CAMPUS CAN PAY UP TO $15K PER YEAR EXTRA TO LIVE IN THIS PLACE

WHAT IS A DORM

200

THERE ARE SCHOLARSHIPS FOR ATHLETICS, MUSIC, ART, LEADERSHIP, AND COMMUNITY SERVIE

WHAT IS A FACT? 

300

OLDER STUDENTS CAN OFTEN GET FREE HOUSING IF THEY HELP THE SCHOOL SUPERVISE A DORM AND HELP THE OTHER STUDENTS

WHAT IS AN RA (RESIDENTIAL ADVISOR)

300

This type of federal student loan won't accumulate interest while you're in school at least half-time if you qualify based on financial need.

What is a subsidized loan?

300

THIS TYPE OF EDUCATION TEACHES YOU HARD SKILLS IN A SPECIFIC FIELD LASTS BETWEEN 6 AND 18 MONTHS AND COSTS ONLY 10% OF A FOUR YEAR COLLEGE

WHAT IS A TECHNICAL SCHOOL
300

THE GENERAL COST THAT IS ASSOCIATED WITH PRICE OF COLLEGE ADMISSION BUT IS FAR FROM THE TOTAL PRICE TAG

WHAT IS TUITION

300

FILLING OUT THE FAFSA GURENTEES YOU'LL RECEIVE EVERY TYPE OF FINANCIAL AID

WHAT IS A MYTH? 

400

WELL KNOWN PRIVATE STUDENT LOAN BORROWER THAT WILL OFTEN LEND MORE MONEY THEN THE FEDERAL GOVERNMENT BUT HAS MUCH HIGHER INTEREST RATES

WHAT IS SALLIE MAY 

400

Two students each borrow $5,000. One student's loan starts accruing interest immediately, while the other's does not while they're enrolled at least half-time. The first student has this type of loan.

What is an unsubsidized loan?

400

MONTHLY BILL THAT CAN OFTEN LAST OVER 10 YEARS THAT CHARGE INTEREST WHEN YOU BORROW TO GO TO SCHOOL

WHAT IS A STUDENT LOAN PAYMENT

500

SPECIAL TYPES OF SAVINGS ACCOUNTS THAT YOU, A PARENT, OR ADULT FAMILY MEMBER CAN SET UP THAT GROWS OVER TIME AND LETS YOU USE TAX FREE MONEY TO PAY FOR SCHOOL

WHAT IS A 529 PLAN

500

PROGRAMS THAT CAN LAST BETWEEN 6 MONTHS AND A YEAR THAT CAN HELP YOU ADVANCE YOUR CAREER IN A SPECIFIC FIELD 

WHAT IS A PROFESSIONAL CERTIFICATION?