Financial Aid Terms and Definitions

Financial Aid Terms and Definitions

12th Grade

13 Qs

quiz-placeholder

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Financial Aid Terms and Definitions

Financial Aid Terms and Definitions

Assessment

Quiz

Other

12th Grade

Hard

Created by

Carrie Corigliano

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Award Letter is:

A document detailing the financial aid package offered to a student

A certificate of achievement

A letter of recommendation

A job offer letter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Cost of Attendance include?

Tuition and fees

Room and board

Books and supplies

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Student Aid Report (SAR)?

A report that provides information about financial aid eligibility

A document required for college admission

A report card for students

A scholarship application form

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Estimated Family Contribution (EFC)?

A measure of your family's financial strength

A type of student loan

A scholarship program

A tax deduction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is FAFSA®?

Free Application for Federal Student Aid

Federal Application for Student Assistance

Financial Aid for Students and Families

Federal Aid for Student Applications

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Grant is:

A type of loan

A financial award given by an entity

A form of tax

A type of investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Federal Direct Loan?

A type of student loan offered by the federal government

A private loan offered by banks

A grant that does not need to be repaid

A scholarship based on academic performance

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