Award Letters

What are the different types of financial aid?

• Loans

• Scholarships & Loans

• Grants, Scholarships, Loans & Workstudy

• Grants, Scholarships & Loans

Qualification for financial aid is based on two different things. What are they?

• ACT/SAT score & current GPA

• Parents Income and UC GPA

• Need and Merit

• Scholarships Received and Major

The greater the difference between your SAI & college's cost of attendance, the greater your financial need.

• True

• False

Cost of attendance includes the following EXCEPT:

• Tuition & Fees

• Transportation

• Room & Board

• Rent to Parents

The type of federal aid that does not accrue interest while a student is enrolled in school is

• Federal Direct Loan

• Direct Subsidized Loan

• Direct Unsubsidized Loan

• All of the Above

SAI stands for

• Student Aid Index

• Student Ability In Need

• Statement of Additional Information

• Student Award Index

The maximum lifetime of the Federal Pell Grant is

• 4 years

• 5 years

• 6 years

• 7 years

If I apply for a loan I must accept it.

• True

• False

This document is a break down of a student's FAFSA.

• Award Letter

• Federal Aid Report

• FAFSA Submission Summary

• Student Aid Report

Parent Plus loans are subsidized.

• True

• False