What is the purpose of the FAFSA?

FAFSA Quiz

Quiz
•
Other
•
12th Grade
•
Hard
Anthony Renlund
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
a. It provides access to financial aid from the Federal government, such as grants, loans, and work-study.
b. It is a scholarship application that is offered by the Federal government. If you win, you are awarded free tuition to the college you attend.
c. Colleges and universities use the information you submit on the FAFSA to determine how much financial aid to offer you.
d. It provides access to loan programs from private lenders.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: Your parent/guardian can use your FSA ID to submit any information for your FAFSA application.
a. True
b. False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is TRUE about filing the FAFSA?
a. You should file the FAFSA for each year you will be in school.
b. You only need to file the FAFSA if you received a tax refund.
c. You only need to file the FAFSA if your parent/guardian's financial situation has changed.
d. You only need to file the FAFSA if your financial situation has changed.
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Why is it best to file the FAFSA as early as possible?
a. You have to pay to file the FAFSA once the Federal government receives a certain number of applications.
b. Every college or university has its own FAFSA deadline. Filing early will help you meet all the deadlines.
c. The longer you wait, the Federal government adds additional steps to the FAFSA filing process, such as writing essays.
d. Financial aid is awarded on a first come, first served basis.
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following does a college/university use to determine how much to award you in financial aid?
a. Cost of attendance
b. Expected income after graduation
c. Financial need
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information does the FAFSA Submission Summary include?
a. Student Aid Index (SAI)
b. Expected Family Contribution (EFC)
c. Financial aid eligibility
d. All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long will it take to receive your FAFSA Submission Summary once you submit your FAFSA?
a. 1-2 business days
b. 1-2 weeks
c. 1-2 months
d. 1-2 years
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