Financial Aid

What is a program "Sticker price"

• The real price of a program

• The price advertised but NOT paid by most people

• A way to recieve financial aid

financial aid consists of...

• Lotto money, borrowed money, and found money

• Money from family and money from schools

• Gift money, borrowed money and earned money

Grants are gift money. (you do not need to pay them back)

• False

• True

What type of financial aid can you earn based on your achievements, skills, and belonging to a certain group?

• Grants

• Scholarships

• Loans

Direct costs for programs include tuition, room and board, and student fees.

• False

• True

Loans need to be paid back

• True

• False

What is a program’s “net price?”

• The real price of a program, after financial aid is applied

• The price advertised but NOT paid by most people.

• A way to receive financial aid. 

Indirect program costs may include…

• Textbooks

• Transportation

• Laundry

• All of the above

I need to fill out the FAFSA for 

federal financial aid.

• True

• False

The FAFSA is completed online…

• True

• False