affording college

What does FAFSA stand for?

• free money for college

• free application for loans

• free application for federal student aid

• free alternative for federal aid

What type of aid needs to be paid back?

• loans

• grants

• work study

• scholarships

As a dependent what do you NOT need to fill out your FAFSA form?

• moms maiden name

• FSA ID

• untaxed information

• yours and your parents social security

How is financial aid calculated?

• EFC-COA - financial need

• COA – EFC = financial Need

• COA - EFC = financial wants

• EFC-COA = financial loans

What if your parents are divorced, whose information do you report

• The one you live with the most

• The one who makes more money

• The one you like more

• You put both no matter what

What is NOT a cost that needs to be considered when affording college?

• living expenses

• clothing and furniture

• transportation

• books

What is a subsidized loan?

• financial need and pay back after college

• not based on financial need, pay back during college.

Which loan is based on financial need?

• subsidized loan

• unsubsidized loan

• bank loan

What do you NOT use an FSA ID for?

• To sign the FAFSA

• To log into the FAFSA

• To sign up for colleges

Besides scholarships, loans & grants there is one more form of financial aid that you earn while going to college to help you pay for school.

• Federal Student Aid

• Work Study

• Apprenticeship