College Financial Literacy

Front

What is institutional aid?

Back

Aid provided by your college.

Front

When is a student eligible for a Parent Plus Loan?

Back

If financial aid has already been applied and doesn't cover all of your costs.

Front

Which of the following is NOT a characteristic of a Federal Work Study?

• Government funded
• Only applies to full-time students
• Must be an on campus job
• Can be a collaboration with campus partners

Back

Must be an on campus job

Front

When can you apply for scholarships at AUM?

Back

Spring

Front

What type of financial aid DOESN'T need to be paid back?

Back

Grants

Front

Which of the following is an example of an indirect college cost?

• Activity Fee
• Technology Fee
• Meal Plan
• Textbooks

Back

Textbooks

Front

How long does a typical grace period last for student loans?

Back

Six months after you graduate.

Front

True or false: You have to renew your FAFSA every academic year.

Back

True

Front

What temporarily halts or reduces student loan payments for up to 12 months, while interest continues to accrue?

Back

Loan Forbearance

Front

What elements are NOT considered when you fill out the FAFSA? Options: Financial Need, US Citizenship, Dependency Status, Academic Achievement, Enrollment in a College/University

Back

Academic Achievement