Financial Aid Realities

Financial Aid Realities

9th - 12th Grade

12 Qs

quiz-placeholder

Similar activities

Financial Aid Review

Financial Aid Review

College Assumptions

College Assumptions

12th Grade ICAP

12th Grade ICAP

Financial Aid

Financial Aid

Paying for Higher Education

Paying for Higher Education

College

College

CHAMPS Financial Aid Check-In

CHAMPS Financial Aid Check-In

Life After High School

Life After High School

Financial Aid Realities

Financial Aid Realities

Assessment

Quiz

Professional Development

9th - 12th Grade

Easy

Created by

Ruby Cortez

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: You can’t afford college, or you can’t afford the college of your dreams.

True

False

Answer explanation

Truth: When students and parents see the tuition price, the cost of living in the dorms, and the price of textbooks

they get “sticker shock.” Paying for college is the largest single investment many families make. Two out of

three students get at least some financial aid to help make college more affordable. Students can receive a

combination of grants, loans, scholarships, or work-study jobs to help reduce the cost of college.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: My dream college is a private school. My family can’t afford the tuition.

True

False

Answer explanation

Truth: Don’t rule out the college of your dreams just because of the cost. If a college has higher tuition and

expenses, students often get more financial aid to help cover the extra cost. For example, Harvard University has

pledged that a family with an income of $60,000 or less will not be expected to contribute to college costs.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: You have to be very poor, very smart, or uncommonly

talented to qualify for financial aid.

True

False

Answer explanation

Truth: Financial aid comes in many forms—grants and scholarships, which don’t have to be repaid, and loans,

which do have to be repaid. There is need-based aid for students who come from lower income families and

merit-based aid for students who excel in athletics, drama, debate, instrumental music, community service, and

many other areas.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: The college with the lowest price will be the most affordable.

True

False

Answer explanation

Truth: Not necessarily! Some of the more expensive colleges have raised significant amounts of money for

scholarships from their alumni and friends. As a result, they have more money to give to students in the form of

scholarships, which reduces the “sticker price.” If a student qualifies for need-based aid, they may receive more

financial aid at the more expensive school, thus reducing the final cost.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: You can get more scholarships or financial aid for college

by paying someone to search for you.

True

False

Answer explanation

Truth: Beware of any group or individual that guarantees a scholarship or financial aid if you pay a fee. These

groups utilize high pressure tactics to get parents to pay for a service they don’t need. There are many very good,

free scholarship and financial aid sources.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: I’m expecting to receive a lot of scholarships, so I don’t need to apply for aid.

True

False

Answer explanation

Truth: Apply for all types of aid: scholarships, grants, work-study opportunities, and loans. If your final tab after

paying tuition, fees, books, room and board, computer, etc., is completely covered by your scholarships, you can

turn down the other aid. Also, in the unlikely event that you need to switch schools unexpectedly, you’ve already

secured some aid towards your potential new school.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: I am going to pay for college myself, so it doesn’t matter

how much money my parents make.

True

False

Answer explanation

Truth: Most need-based financial aid is based on parents’ income and assets. Most schools require students to fill

out the Free Application for Federal Student Aid (FAFSA) in order to qualify for need-based aid. That form asks for

parent’s income information.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?

Discover more resources for Professional Development