Ways to Pay for College

Match the correct answer:

• $ borrowed and repaid with interest

• Scholarship

• $ given for athletic/academic excellence

• Work-Study

• $ put into savings account

• Grant

• $ given based on financial need.

• Loan

• Work at the college to help pay tuition

• Savings

True of false: federal student aid can be used for tuition, books, supplies, and room and board.

• True
• False

Which application must be filled out if students want to be eligible for federal aid?

• College
• FAFSA
• FASSA
• Employment

Does scholarship money have to be repaid?

• Yes
• No
• Sometimes

You entered your painting in a contest and won $750 to pay for your college expenses.

• scholarship

• grant

• work study

• loan

You were a high school athlete. The university is paying your tuition while you play on the college team.

• scholarship

• grant

• work study

• loan

You were raised by a single parent. Your family income qualified you to receive a need-based award from the US government.

• scholarship

• grant

• work study

• loan

Your other financial aid did not cover all of your college costs, so you borrowed money from a private lender.

• scholarship

• grant

• work study

• loan

You work in the college's computer lab three days per week.

• scholarship

• grant

• work study

• loan

Francisco and his family have been preparing for college for a long time. Every month they add money to a bank account for Francisco’s tuition.

• Savings

• Loan

• Grant

• Scholarship