FAFSA Terms

The definition of this word is: "(of an organization or activity) supported financially"

• Disbursement

• Scholarship

• Subsidized

• Cell Letter

Define "Loan"

• a sum of money

• a sum of money that is expected to be paid back with interest; usually acquired through a bank or organization

• a sum of money that is not required to be paid back

• failure to fulfill an obligation, especially to repay a sum of money or appear in a court of law

Disbursement is:

• failure to pay a loan

• a university located in Southern California

• none of the answers

• the payment of money from a fund

A cosigner is:

• someone who signs (a loan or lease) jointly with another person in order to guarantee payment

• a loan

• none of the answers

• one's income level

An unsubsidized loan means:

• You are not responsible for the loan payments until after you finish your schooling

• You are responsible for the loan payments as soon as it's disbursed into your account, along with interest

• Another word for a loan

• Neither of these answers

Define "scholarship":

• another term for a loan

• an award

• a grant or payment made to support a student's education, but must be repaid after the recipient finishes their schooling

• a grant or payment made to support a student's education, awarded on the basis of academic or other achievement; does not need to be repaid

This word's is defined as: "funding that is available exclusively to students attending a post-secondary educational institution in the United States"

• Financial Aid

• Unsubsidized Loan

• Mitochondria

• Unabashed

A Master Promissory Note is:

• A form of loan money

• A legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education

• The note you get from your doctor after a visit

• Neither response

Default is described as:

• Failure to fulfill an obligation, especially to repay a loan or appear in a court of law

• A sum of money that is expected to be repaid by recipient

• Neither response

• The title of a new movie

What word is defined as: "money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt"

• Default

• Scholarship

• Award Letter

• Interest