CH.5 Life After High School

What does FAFSA stand for?

• Federal Application for Student Aid

• Free Application for Federal Student Aid

• Federal Applications for Financial Aid

About how long does it take to complete online?

• 1 hour

• 2 hours

• 30 minutes

How much does it cost to complete a FAFSA?

• $10 each time

• Free

• $5 each time

• It depends on your income

Filling out your FAFSA provides you with access to which of the following from the Federal Government?

• Grants

• Loans

• Work Study Opportunities

• All of the above

If your parent is providing information for your FAFSA, what must he or she have?

• His or her own username and password to the website

• A college degree

• A Facebook Profile

What is the website you should visit to complete your FAFSA?

• studentaid.gov/fsaid

• FAFSAAID.gov

How often must you fill out a FAFSA form?

• Once before you enroll in college

• Each year you plan on attending college

• Every semester

Why is it important to complete your FAFSA as early as possible?

• Some financial aid is on a first come first serve basis

• If you turn it in early, you automatically get grants

What is the formula used to determine how much aid you are eligible to receive?

• Cost of Attendance - Expected Family Contribution = Financial Need

• Financial Awards - Expected Family Contribution = Financial Reward

• Financial Reward = Cost of Attendance + Expected Family Contribution

A form for federal or state financial aid that does not need to be repaid; usually given to students who demonstrate financial need.

• Scholarship

• Grant

• Work Study