Paying for College

Front

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

Back

Scholarships and grants

Front

Why should you file the FAFSA as early as possible?

Back

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

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 the EFC?

Back

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

Front

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

Back

Direct Subsidized Loan

Front

Which of the formulas below equate to net price? Net Price = Sticker Price - Student Loans , Net Price = Grants and Scholarships + Student Loans, Net Price = Sticker Price - Grants and Scholarships, Net Price = Sticker price + Grants and Scholarships

Back

Net Price = Sticker Price - Grants and Scholarships

Front

Which type of financial aid am I? I am free money given by universities or private companies. I do not have to be paid back. I can be given for all four years of college or have to be reapplied for each year.

Back

Grants

Front

Which type of financial aid am I? I actually do not provide any money. I am a way to get a discount on the cost of school by working part-time somewhere at the college.

Back

Work-Study

Front

What does FAFSA stand for?

Back

Free Application for Federal Student Aid