EPF: Careers, College and Income, Taxes

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When does the FAFSA filing period open every year?

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October 1st

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Why should you file the FAFSA as early as possible?

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

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

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Private Student Loans

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How do scholarships and grants differ?

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

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Which is TRUE about the FAFSA? Options: You only need to file the FAFSA 1x in your college career, Your parents must earn below a set amount for you to apply, You need to file it at the start of every quarter/semester, There is no cost to file the FAFSA

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There is no cost to file the FAFSA

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Which is TRUE about the Student Aid Index (SAI)?

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It's how much you & your family are expected to pay for college

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Which of the following is the correct flow of submitting/receiving these documents? FAFSA, FAFSA Submission Summary, Financial Aid Package

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FAFSA > FAFSA Submission Summary > Financial Aid Package

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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

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Scholarships, work-study, federal loans, private loans

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

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Direct Subsidized Loan

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If you want to build work experience directly after high school, you could...

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Find an apprenticeship