Funding Your Way Through College

Which of the following government offices help individuals fund their college education?

• Office of Postsecondary Education

• Office of Federal Student Aid

• Office of Vocational and Adult Education

• Office of Educational Technology

When does a student need to file the FAFSA?

• after every semester

• at the beginning of the course

• every year of college attendance

• at the end of the course

Which is the primary factor taken into consideration during distribution of grants and loans among eligible students?

• financial need

• family history

• behavior traits

• reading skills

• athletic ability

Which three of the following expenses can student aid cover?

• school supplies

• television

• tuition

• parties and socializing

• boarding/housing

Which two forms of financial aid require the student to bear the costs of college education?

• minority scholarships

• merit-based scholarships

• work-study programs

• federal Pell grant

• direct loans

Sam needs help repaying the loan he got to pursue a graduate program in a top-ranking university. If Sam opts for a work-study program, he will get a __________________ job. But first, Sam needs to check if his college participates in the __________________.

• 1st. Blank: part-time

• 1st. Blank: military

• 2nd. Blank: Federal Pell Grant

• 2nd. Blank: Federal Work-Study Program

• 2nd. Blank: Federal Perkins Loan Program

Match the scenarios with term related to financial aid.

forgiveness

• Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

• Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

• Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

Match the scenarios with term related to financial aid.

default

• Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

• Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

• Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

Match the scenarios with term related to financial aid.

work-study

• Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

• Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

• Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

Match the scenarios with term related to financial aid.

merit-based scholarship

• Anita wants to pursue a certificate program in Sports Nutrition. To pay for the course, she borrows money by filing the FAFSA.

• Nathan comes from a low-income household. He wants to pursue an undergraduate degree in Marketing. He receives financial aid covering 50 percent of his college expenses. Nathan does not have to pay back this amount.

• Richard is one of the leading college basketball players in the state of Florida. He also maintains a good academic record. Looking at his talent and potential, Furman University offers to bear the expenses for his college education.