Financial Aid 101

What does SAR stand for?

• Students Aren't Real

• Student Aid Reason

• Student Aid Report

• Student Army Recruitment

What does SAI stand for?

• Silly Animal Idiot

• Sometimes Appealing Index

• Student Aid Index

• Student Apply Index

What does FAFSA stand for?

• Free Application for Financial Student Aid

• Free Application for Fun Silly Antics

• Free Application for Federal Student Aid

• Free Apples for Families With Students Anywhere

What does TASFA stand for?

• Texas Application for Student Federal Aid

• Texas Application for Funny Silly Aid

• Texas Application for Student Funeral Aid

• Texas Application for Student Financial Aid

Financial Aid is _____________________.

• money for ramen noodles

• money for post-secondary education.

• money for tootsie rolls

• money for post-graduate education.

Types of Financial Aid are ___________________.

• Grants

• Work-Study

• Loans

• All the above

What significant number is provided on the SAR?

• ASI

• ISA

• SAI

• AIS

The SAI tells families _________________.

• the money the family will get in financial aid.

• the money the family will payback to the bank.

• the money the family will have to pay for all of their children education.

• the money the family will have to pay for each child's education.

What does COA stand for?

• Cost of Attendance

• Cost of Aid

• Cost of Anything

• Cost of Absent

What 5 items make up the COA?

• 1. Tuition

  2. Books

  3. Room

  4. Fees

  5. Toothpaste

• 1. Tuition

  2. Board

  3. Room

  4. Deodorant

  5. Laptop

• 1. Tuition

  2. Fees

  3. Shoes

  4. Bicycle

  5. Jacket

• 1. Tuition/Fees

  2. Books/Supplies

  3. Room/Board

  4. Transportation

  5. Other (personal items)