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Financial Aid Basics (1)
Grants & Scholarships
Misc.
Student Loans (4)
College
100

What is the FAFSA used to determine?

A student's financial aid eligibility

100

Name 2 examples of "direct cost" (when thinking about cost of attendance)

Tuition, fees, room, board

100

How long before a deadline do you need to give your school counselor to write a recommendation for a school or scholarship?

At least one week

100
A postponement of a loan payment
What is Deferment
100

What are 3 factors to consider when choosing a college?

(location, majors, cost, clubs, activities, amenities, food options, etc.)

200

This is required to sign all FAFSA forms

FSA ID

200
The amount of credits a student must be enrolled in to be considered full time financial aid eligible?
What is 12 semester credits?
200

Who should fill out the FAFSA?

Everyone planning on continuing on to post-secondary education

200
The type of federal direct loan in which the government pays the interest on while the student is still in school
What is a Subsidized loan
200

Name 3 topics that should be avoided in a college essay

(love life, criminal activity, sports as a metaphor for life, anything on your transcript, depressing topics)

300

You can put up to this many colleges/universities on your FAFSA

10

300

What are two examples of self-help aid?

Employment, Loans, Work Study

300

Term referring to the cost of housing and food

Room and Board

300
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan
300
How does your school counselor know that you have applied to colleges?

By filling out the gold sheet!

400

This is the date the FAFSA opens up this year

December 1st

400

Name the 2 major types of Financial Aid

Need-based aid and Non-Need Based Aid

400

An eligibility index number that a college's or career school's financial aid office uses to determine how much federal student aid the student would receive if the student attended the school. This number results from the information that the student provides in their FAFSA® form. Used to be known as "EFC"

What is SAI (student aid index)

400

When do you need to start paying on your student loans?

6 months after graduation

400

This office is where you would go if you have a question about your bill.

Bursar's Office

500

FAFSA is an acronym that stands for this

Free Application for Federal Student Aid

500

This is the deadline (date) UMaine sets for students to be able to be eligible for full merit scholarship amounts

December 1st

500

This document is provided to a student after successful completion of the FAFSA and summarizes basic info about a student's eligibility for federal student aid

Student Aid Report (SAR)

500

What are two things you must do if you want a loan that is offered to you on your award letter?

Formally accept the loans, sign a master promissory note, participate in entrance loan counseling

500

This office is where you would obtain your college transcript and tracks your progress toward graduation

Registrar/Office of Student Records