Financial Aid Quiz

Money awarded to students that does NOT need to be repaid, often based on need

• Loan

• Grant

• Savings

• Work Study

Money awarded to students based on achievement, does NOT have to be repaid

• Grant

• Loan

• Work Study

• Scholarship

Money borrowed that has to be paid back with interest

• Grant

• Loan

• Work Study

• Scholarship

Does scholarship money have to be repaid?

• Yes
• No
• Sometimes

What is FAFSA?

• The online form that sends out all of your financial information to schools.

• The online resource to apply to schools.

• The form you need to fill out to get any financial aid from the federal government to help pay for college

Mary receives a job offer on campus. She will be working in the school library after her classes every day. The money she earns while working is used to pay her tuition.

• Grant

• Loan

• Work Study

• Scholarship

The fee charged by a college or university for instruction is

A financial award, often based on need, to help students cover tuition and other additional costs

A fixed, regular payment often given to students, particularly for research or teaching assistantships

A fund established by a donation that provides ongoing financial support for a college or its students