Financial Aid Training 1

The acronym FAFSA stands for

• Federal Application for Free Student Aid

• Free Application for Student Federal Aid

• Free Application for Federal Student Aid

What is the federal loan limit for a dependent freshman

• 4500

• 3500

• 9500

• 5500

A a paper or electronic document that gives a student some basic information about his/her eligibility for federal student aid as well as listing his/her answers to the FAFSA^® questions.

• Student Award Report

• Student Aid Report

Loan have ________ disbursement?

• 3

• 1

• 2

• 4

What Banner Screen shows the student's aggregate loan amount?

• RNANA#

• RNASL#

• RNIMS#

• RNARS#

The process a school uses to confirm that the data reported on the FAFSA form is accurate.

• Validation

• Awarding

• Verification

• Withdrawing

An independent sophomore is eligible for __________ in loans per year

• 10, 500

• 6,500

• 12, 500

• 4, 500

The process a school uses to determine if a student is meeting all of their educational requirements and is on target to graduate on time with a degree or certificate.

• Verification

• Satisfactory Academic Progress

• Graduation Audit

• Degree Audit

An allowance for the cost of housing and food while attending college or career school.

• Cost of Attendance

• Budget

• Housing

• Room and Board

What Banner page shows outstanding financial aid requirements?

• RNASL#

• RPAAWRD

• RRAAREQ

• RHACOMM