Financial Aid

Which one is NOT considered "financial aid"?

• Grants

• Scholarships

• Family savings

• Loans

These are merit-based aid that can be for academics, ethnicity, parent's job, ability or talent. Don't have to be repaid.

• Scholarship

• Need-based loan

• Work Study

• Free money

This type of loan starts accruing interest from the very beginning of the loan.

• Subsidized

• Unsubsidized

• Grant

• Scholarship

FAFSA stands for

• Free Application for Federal Student Aid

• Financial Aid For Student Acceptance

• Financial Application For Student Aid

• Free Aid For Student Applications

___________________________ is funding to a student to help pay for education-related expenses.

• financial aid
• fee
• room and board
• loan entrance counseling

______________ is money charged for teaching and instruction provided by a school.

• fee
• tuition
• self-help aid
• grant

_____________________________ sum of money borrowed from the federal government to pay for college; typically have lower interest rates and more flexibility than private loans

• Subsidized Loan
• Unsubsidized Loan
• FAFSA
• Federal Student Loan

_________________________ loan which does not accrue interest while in school or during a 6 month deferment period after graduation

• unsubsidized loan
• FAFSA
• subsidized loan
• expected family contribution

______________________________ form used to apply for federally funded financial aid; also used by some states and colleges to determine eligibility for for state- and college-funded aid;  includes questions concerning income, financial situation and demographic date

• Expected 
  Family Contribution (EFC)
• PROFILE Application
• Free Application for Federal Student Aid (FAFSA)
• Student Aid Report (SAR)

You can work part-time on campus to help pay for tuition.

• True
• False