(Gaines) Ways to Pay for College

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What is federal student aid used for?

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Federal student aid can be used for tuition, books, supplies, and room and board.

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What application must students fill out to be eligible for federal aid?

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FAFSA (Free Application for Federal Student Aid) must be filled out.

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What is a grant in the context of student financial aid?

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A grant is money awarded to students that does NOT need to be repaid, often based on need.

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What type of information can be found on a credit report?

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A credit report may include information about school loans.

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What is Work Study?

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Work Study is a program that allows students to earn money while working, often used to pay for tuition.

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What is the difference between a loan and a grant?

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A loan must be repaid, while a grant does not need to be repaid.

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What is the purpose of the FAFSA?

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The FAFSA is used to determine a student's eligibility for federal student aid.

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What are scholarships?

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Scholarships are funds awarded to students based on various criteria, which do not need to be repaid.

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What is the significance of a credit report for students?

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A credit report is important for students as it reflects their credit history and can affect future borrowing.

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What is the role of financial aid offices at colleges?

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Financial aid offices assist students in understanding and applying for financial aid.