Paying for College

What does FAFSA stand for?

• Federal Application for Free Student Aid

• Financial Application for Free Student Aid

• Financial Appeals for Fixed Subsidized Assets

• Free Application for Federal Student Aid

How much does it cost to submit the FAFSA?

• Free for All

• Free depending on your Financial Aid results

• $10

• $100

How can you find out your SAI (Student Aid Index)?

• Using an EFC Calculator

• Filing the FAFSA

• Your parent's tax accountant

• Your parent's bank

When does the FAFSA go live?

• November 1st

• November 30th

• October 1st

• May 1st

The COA (Cost of Attendance) includes all of these except:

• Books & Supplies

• Housing & Transportation

• Gas & Car Insurance

• Tuition & Fees

Which equation helps you find your financial need?

• Need = FAFSA + SAI

• FAFSA - SAI = Need

• Need = COA - SAI

• COA + SAI = Need

Grants are money you have to pay back.

• True

• False

Loans are money you have to pay back.

• True

• False

On this type of loan, the government will pay the interest on your student loan while you are in college and for the first 6 months after you graduate from college.

• Subsidized Loan

• Unsubsidized Loan

Merit Aid is all of the following except:

• Money that comes from the government and has to be paid back.

• Free money for good grades.

• Is also considered a scholarship.

• Money that comes from the University.