Q4 Financial Aid Quiz

What does the sticker price of a college include?

• Tuition and fees only

• Tuition, fees, and family contribution

• Tuition, fees, scholarships, and grants

• Tuition, fees, and work study

Which of the following is NOT included in the four types of student aid?

• Grants

• Scholarships

• Loans

• Family contributions

What is the difference between scholarships and grants?

• Scholarships need to be repaid, while grants do not

• Grants are merit-based or need-based, while scholarships are not

• Scholarships and grants are the same

• Scholarships do not need to be repaid, while grants may need to be repaid

What happens if the Expected Family Contribution (EFC) is less than the cost of attendance (COA)?

• The student does not qualify for aid

• The student may qualify for unsubsidized loans only

• The student may qualify for aid

• The student's EFC is increased to match the COA

What is the purpose of the Free Application for Federal Student Aid (FAFSA)?

• To provide a summary of the student's academic performance

• To collect financial information to determine eligibility for student loans only

• To collect financial information to determine financial aid for college

• To automatically grant financial aid to all applicants

What does the Student Aid Index (SAI) replace?

• The Free Application for Federal Student Aid (FAFSA)

• The Expected Family Contribution (EFC)

• The Work Study program

• The Scholarship and Grant Index

Which of the following is a tip for applying to scholarships?

• Apply only to small scholarships

• Organize your due dates

• Avoid matching your interest and career goals

• Stop applying after you win once

Which website is mentioned in the document for financial aid information?

• federalstudentaid.gov

• collegescholarship.org

• studentloans.gov

• fafsa.ed.gov

Which of the following is NOT a category for scholarships listed in the document?

• Athletic

• Minority

• Federal Pell Grant

• By student type

Who is included in the non-traditional students category according to the document?

• Students who are directly out of high school

• Displaced workers

• Students who have never worked

• Students who are not eligible for federal aid