Paying for College

Front

What is a benefit of going to college and having a college degree?

Back

Expanded professional and social network

Front

All of the following are costs of going to college EXCEPT... Tuition and fees, Room and board, Textbooks and school supplies, Scholarships and grants

Back

Scholarships and grants

Front

When does the FAFSA filing period open every year?

Back

October 1st

Front

Why should you file the FAFSA as early as possible?

Back

Aid is given out on a first-come, first-serve basis

Front

What kind of aid are you NOT eligible for by filing the FAFSA? Options: Grants and Scholarships, Work-Study, Federal Student Loans

Back

Private Student Loans

Front

How do scholarships and grants differ?

Back

Grants are need-based; scholarships are merit-based.

Front

Which is TRUE about the FAFSA? Options: You only need to file the FAFSA 1x in your college career, Your parents must earn below a set amount for you to apply, You need to file it at the start of every quarter/semester, There is no cost to file the FAFSA

Back

There is no cost to file the FAFSA

Front

Which is TRUE about your Expected Family Contribution? Options: It's the cost of filing the FAFSA, It's how much you & your family are expected to pay for college, It's another term for "net price", It's how much your parents must contribute towards college

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It's how much you & your family are expected to pay for college

Front

Which of the following is TRUE about federal and private student loans? Private loans may be subsidized; federal ones are not, Both types offer the same repayment plans, Private loans always offer fixed interest rates, Fed. loans don't have prepayment penalties; private ones may

Back

Fed. loans don't have prepayment penalties; private ones may

Front

When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK? Federal Pell Grant, Direct Subsidized Loan, Merit Scholarship, Federal Work-Study

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Direct Subsidized Loan