FAFSA

What does the acronym FAFSA mean?

• Financial Application for Free Student Assistance

• Free Assistance for Fast Student Approval

• Free Application for Federal Student Aid

• Formal Application for Federal Student Assistance

Does it cost money to file the FAFSA?

• Yes

• Only if you fill it out after January 1st

• No

• Only if your college requires a fee

Filling out the FAFSA qualifies you for...(check all that apply)

• federal grants

• work study opportunities

• merit-based scholarships

• federal loans

• private loans

The FAFSA becomes available starting...

• January 1

• March 2

• May 1

• Dec 1

Which of the following is considered an indirect cost?

• personal expenses

• fees

• on campus parking expense

• tuition

True or False? The financial aid office accepts your tuition payments

• True

• False

True or False? The FAFSA will only help you get federal financial aid, not state or college-based financial aid.

• True

• False

The formula colleges use to determine your financial aid package is:

• Cost of attendance minus local scholarships you get

• Expected family contribution minus local scholarships you get

• Expected family contribution plus your personal contribution

• Cost of attendance minus student aid index

Which of the following helps in reducing school costs?

• private loans

• scholarships

• government loans

• paying your loans late

What does SAR stand for?

• Standard Aid Report

• Student Aid Ratio

• Student Aid Report

• None of the above