FAFSA Vocab

What does FAFSA stand for?

• Free Apples for Federal Aid

• Free Application for Federal Student Aid

• Falling Application Free Songs Around

• FAFSA

What is a loan?

• Free money

• Allowance that you're aunt gives you

• Money you're given from your parents

• Money that is borrowed and has to be paid back

a _____ is money received that you don't always have to pay back.

A Scholarship can be awarded to you for academic and other achievements

• True

• False

What year in high school do you have to apply for FAFSA or financial aid?

• Freshman

• Senior

• Sophomore

• Junior

What is a budget?

• Something that holds water

• something that doesn't budge

• A financial plan for a defined period of time

• Money bank

You have to pay scholarships back

• True

• False

You must pay back on a loan

• False

• True

What percent of students receive financial aid their first year of college?

• 86%

• 95%

• 15%

• 54%

In order to get you financial aid or FAFSA, you have to first apply for it!

• True

• False