Grants
This form must be filled out to be considered for federal grants and scholarships
What is the FAFSA?
True or False: "Your GPA is always the deciding factor in who wins an academic scholarship"
False; many scholarships consider leadership, community service, or unique talents
True or False: "Student loans affect your credit score"
True
The acronym that forms "FAFSA"
What is the Free Application for Federal Student Aid?
This well-known federal financial aid program is offering up to $7395 for the 2025-2026 school year
What is the Pell Grant?
True or False: "You can only apply for scholarships if you are a high school senior"
False; many scholarships accept applications from juniors or even lower grades
These federally-offered loans do not have any interest associated with them
What are subsidized loans?
True or False: "The FAFSA is only for low-income families"
False
True or False: "State/local grants usually offer more money than grants offered by individual institutions"
False
True or False: "If you are awarded a scholarship, you can no longer apply for additional grants or loans"
False
The average annual interest rate for a student loan?
Around 6%-9% (any number in this ranged will be accepted as correct)
The deadline for submitting the FAFSA in 2026
What is June 30, 2026?
True or False: "You may need repay your grants if you drop out of college"
True (how much you need to repay may vary depending on the specific grant)
True or False: "If you receive a scholarship, the amount of loan aid you'll be eligible for will be reduced"
True
This loan program allows you to combine multiple different federal loans into a single package to reduce monthly costs
What is a Direct Consolidation Loan?
This form of aid includes scholarships and grants but not loans
What is merit-based aid?
This federal grant is awarded to students seeking a career in teaching?
What is the TEACH Grant? (Teacher Education Assistance for College and Higher Education)
Ture or False: "It's been calculated that billions of dollars in scholarship money goes unawarded each year"
False; it is difficult to calculate exactly how much money goes unawarded each year. That being said, there are likely many scholarships that do go unawarded due to little or not applicants
This loan was functionally discontinued in 2010, but its name is still used to informally refer to federal Direct Subsidized Loans and Direct Unsubsidized Loans
What are "Stafford Loans?"
The index number assigned to a student after submitting the FAFSA that is used to determine the amount of aid offered to you
What is the Student Aid Index (SAI)?