College TEST

Front

All of the following are costs of going to college EXCEPT...
Tuition and fees, Room and board, Textbooks and school supplies, Scholarships and grants

Back

Scholarships and grants

Front

When does the FAFSA filing period open every year? (Except this year it has been pushed back)

Back

October 1st

Front

Why should you file the FAFSA as early as possible?

Back

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

Front

When filing the FAFSA, you are eligible for all of the following EXCEPT: Grants and Scholarships, Work-Study, Federal Student Loans

Back

Private Student Loans

Front

How do scholarships and grants differ?

Back

Grants are need-based; scholarships are merit-based.

Front

What can happen if you don't make payments towards your student loans?

Back

Legal action could be taken against you, The government could take money out of your paycheck until your loans are paid, You may not be able to get other loans, Your credit score may suffer.

Front

When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK? Federal Pell Grant, Direct Subsidized Loan, Merit Scholarship, Federal Work-Study

Back

Direct Subsidized Loan

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

Money awarded based on financial need that does not need to be paid back.

Back

grant

Front

What is a scholarship?

Back

money given based on talents and grades