FAFSA Vocab

Front

FAFSA stands for?

Back

Free Application for Federal Student Aid

Front

What is a loan?

Back

Money that is borrowed and has to be paid back.

Front

A _____ is money received that doesn't need to be repaid.

Back

grant

Front

Scholarships can be awarded for academic and other achievements.

Back

True

Front

Year in high school to apply for FAFSA?

Back

Senior

Front

What is a budget?

Back

A financial plan for a defined period.

Front

Paying back scholarships?

Back

False

Front

Pay back on a loan?

Back

True

Front

Percent of students receiving financial aid in their first year:

Back

86%

Front

To receive financial aid or FAFSA, you must first apply.

Back

True