FAFSA
Date each year that you have to complete a FAFSA application by.
What is October 1
A form of financial aid awarded to students to help cover the costs of their college education, typically based on criteria such as academic merit, financial need, or specific talents.
What is a scholarship?
Usually awarded based on financial need. Your financial need is determined by the information you reported on your FAFSA.
What is a grant?
When funding for college this should be your last option!
What are student loans?
Educational savings plans that offer tax incentives.
What are a 529 Plan and Coverdell Plan.
What is the cost of filling out and submitting a FAFSA application?
Free 99 (no cost)
A $2,800 award to USC Columbia recipients, $2,500 is related to tuition expense and the remaining $300 based on the cost of textbooks.
What is the HOPE scholarship?
A federal program designed to help low income undergraduate students pay for college, career school, or trade school aimed to make higher education more accessible.
What is a Pell Grant?
Order of precedence when looking for options to pay for college.
What Grants/Scholarships, Work-study, Federal loans, Private loans?
A Coverdell ESP allows you to save this amount annually.
What is $2,000
What does the acronym FAFSA stand for?
Free Application for Student Aid
This scholarship award amount is currently available at the University of South Carolina: $5,000.
What is the Life Scholarship?
Your financial need is determined by the information you reported on your FAFSA. A numerical value that colleges use to determine a student's financial need for federal aid.
What is your SAI (Student Aid Index)?
A type of loan where the government pay interest while you're in school.
What is a federal direct subsidized loan?
This educatioal savings plan has an unlimited amount you can save for education.
What is a 529 Plan?
Who should apply for the FAFSA
What is everyone?
This scholarship award amount is determined annually by the South Carolina General Assembly. Freshmen currently receive $6,700. Sophomores, juniors and seniors receive $7,500
What is the Palmetto Fellow Scholarship
Offered by USC (SC) promises that each eligible student’s undergraduate tuition, technology fee, and average program fees will be covered for four years, as long as the student continues to meet the program’s criteria.
What is the Gamecock Guarantee?
A a type of federal student loan that allows borrowers to borrow without proving financial need. The interest on these loans begins to accrue immediately.
What is a federal direct unsubsidized student loan?
When should an ESP begin?
ASAP (the earlier the better), begin when your child is born! It is an investment.
What level of government covers the FAFSA experience?
What is the Department of Education, part of the federal gov't.
Basic eligibility requirements for the Palmetto Fellows Scholarship.
What is the top 6% at the end of the 10th, the 11th , or the 12th grade academic year
or
What is a 1200 (math and critical reading only) on the SAT or 27 on the ACT
At minimum, the Gamecock Guarantee provides each participant an award of this amount.
What is $5,000?
Student loans are not forgiven when you file for this federal court.
What is bankruptcy?
The capital gains in an ESP are tax free but this investment must be used for only this reason.
What are educational expenses?