FAFSA and Test Ready

What does FAFSA stand for?

• Federal application for federal startup advancement

• Free attendance fees for safe Americans

• Free application for federal student aid

• Federal application for standard advancement

Which is money given based on financial need that does not have to be repaid?

• scholarship

• loan

• grant

• work study

Earning more money in outside scholarships reduces the amount of aid you might get from the government

• True

• False

Grants and scholarships are both free money that don't have to be repaid

• True

• False

Which is given based on skills or achievment and does not have to be repaid?

• grant

• loan

• scholarship

• work study

Which is money earned by a student from working on campus job?

• grant

• scholarship

• loan

• work study

Who has to fill out the FAFSA?

• students

• parents

• students and parents

If a loan is in deferment, what does it mean?

• it is accruing interest

• I don't have to pay it yet

• there are conditions like being a 1/2 time student

• all of these

Which is better to accept if you want to save money?

• subsidized loan

• unsubsidized

Interest is NOT added while a student is going to school at least half time in which type of loan?

• subsidized

• unsubsidized