Financial Aid

How is your EFC determined?

• How much $ YOU pay in taxes

• How much $ YOUR GUARDIAN pays in taxes

• It is based on where you live and the school you graduated from

• Based on taxes you pay and cost of your chosen school

If you accept a GRANT, which of the following is true?

• you do NOT have to repay the money and it is based on family income

• you DO have to repay the money

• the money amount is always based on grades

• only students with 'special circumstances' can receive this money

What are the two most popular types of scholarships?

What does FAFSA stand for?

• federal application for federal student aid

• free application for federal student aid

• free address of financial student aid

• federal address of financial student aid

Is it necessary to use your social security number when applying for financial aid?

• yes

• no

When applying for financial aid using FAFSA, is it necessary for your guardian to use their tax information and social security number on the application?

• no

• yes

When can you fill out the FAFSA forms?

• after you have your high school diploma

• before you graduate high school but after you know which school you want to attend

• after you graduate high school, during the summer

• any time

True or False: the earlier you complete your FAFSA and apply for college (any school which accepts federal aid) the more $$ you are likely to receive.

• true

• false

A private college, ie Xavier, which of the following is true: chose two.

• Tuition for all students is the same, no matter where you live

• Tuition is based on where you live

• The school receives federal tax money

• The school does NOT receive federal tax money

If you chose to attend Tennessee State University, which tuition category will you pay?

• In state tuition

• Out-of-state tuition

• Tuition is the same for everyone