FAFSA Fundamentals
This type of aid is "Free Money" provided by either the state/federal government, or nonprofit educational agencies.
What is Grants/Scholarships
Students who work on campus while in college are paid what type of aid?
What is Federal Work-Study?
How are student loans disbursed at Laurel College?
What is per semester/in half?
If the parent does not complete their portion of the FAFSA what isn't the student eligible for?
What is the Pell Grant and Subsidized Loan (Need Based Funding)
What is the name of the system we use to generate our funding estimates?
What is CORE
What is the date to being using funds from the 2026-2027 FAFSA?
What is July 1st ?
What is the amount of Minimum Pell Grant?
What is $740?
If you receive one of these after your financial aid has been processed, it means that you over borrowed for school; the amount counts toward your loan limit
What is a refund Check?
Who are contributors on the FAFSA?
What is the Student, Parent/Stepparent and Spouse
What does OBBB stand for?
What is One Big Beautiful Bill
You must fill out this online form to qualify for financial aid.
What is the FAFSA?
This is when your grace period ends
What is 6 months after you drop below half-time enrollment
How much does a 3rd year dependent and Independent student qualify for in student loans?
What is $7500 dependent and $12,500 Independent.
This is the name for the process of combining multiple federal student loans into a single, new loan.
What is loan consolidation?
What has a head and a tail but no body?
What is a Coin
This type of student must include parent information on the FAFSA
What is a dependent student?
Cost of Attendance + this = Financial Need
What is SAI (Student Aid Index)
This is the document a borrower must sign to agree to the terms and conditions of a federal student loan.
What is a Master Promissory Note (MPN)?
What does FERPA stand for?
What is Family Educational Rights and Privacy Act.
What has 13 hearts but no brain or lungs?
What is a deck of cards
How much does it cost to complete the FAFSA?
What is $0
Money awarded by a college or university from its own funds, sometimes called a tuition waiver.
What is institutional aid?
What process do eligible non citizens go through to receive federal student funding?
What is the SAVE process?
This is the amount a student pays for school after scholarships, grants, and other aid are subtracted from the total cost of attendance.
What is net price?
What has many teeth but cant bite?
What is a comb