Financial Literacy EXAM PRACTICE

Front

Why should you file the FAFSA as early as possible?

Back

Aid is given out on a first-come, first-serve basis

Front

In what order should you accept different types of financial aid? Options: Work-study, scholarships, federal loans, private loans; Private loans, scholarships, work-study, federal loans; Scholarships, work-study, federal loans, private loans; Scholarships, work-study, private loans, federal loans

Back

Scholarships, work-study, federal loans, private loans

Front

The payment that is made to a university in order to be an enrolled student and attend class.

Back

tuition

Front

A grant is...

Back

a type of financial aid (free money), usually given by the government based on the student's need

Front

What is financial aid?

Back

money given or loaned to assist in paying for college

Front

Scholarships, grants, work study, and loans are all examples of...

Back

Financial Aid

Front

This is the form you must fill out before going to college in order to get aid from the government to pay for college.

Back

FAFSA

Front

Stafford loans, Perkins loans, and Plus loans are all __________________ from the government.

Back

federal loans

Front

You work in an office on campus after class every day. Options: Grants, Scholarships, Work Study, Loans

Back

Work Study

Front

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

Back

Scholarships