College Vocabulary Quiz 2

What is merit aid?

• Financial aid given to students based on their personal achievements

• Financial aid given to students with a demonstrated financial need

• The cost of attendance minus grants and scholarships

• An online tool that gives you a personalized estimate of college costs

What is need-based financial aid?

• Financial aid given to students based on their personal achievements

• Financial aid given to students with a demonstrated financial need

• The cost of attendance minus grants and scholarships

• An online tool that gives you a personalized estimate of college costs

What is net price?

• Financial aid given to students based on their personal achievements

• Financial aid given to students with a demonstrated financial need

• The cost of attendance minus grants and scholarships

• An online tool that gives you a personalized estimate of college costs

What is a net price calculator?

• Financial aid given to students based on their personal achievements

• Financial aid given to students with a demonstrated financial need

• The cost of attendance minus grants and scholarships

• An online tool that gives you a personalized estimate of college costs

What is an outside scholarship?

• Financial aid given to students based on their personal achievements

• Financial aid given to students with a demonstrated financial need

• The cost of attendance minus grants and scholarships

• A form of financial assistance from a source other than the traditional federal, state, and institutional student assistance programs

What is a priority date?

• The date by which an application must be received to be given the strongest possible consideration

• A college program for training commissioned officers for the United States armed forces

• The amount of time a student has to live in a state before being eligible for in-state tuition prices

• The official record of high school or college courses and grades

What is ROTC?

• The date by which an application must be received to be given the strongest possible consideration

• A college program for training commissioned officers for the United States armed forces

• The amount of time a student has to live in a state before being eligible for in-state tuition prices

• The official record of high school or college courses and grades

What is a residency requirement?

• The date by which an application must be received to be given the strongest possible consideration

• A college program for training commissioned officers for the United States armed forces

• The amount of time a student has to live in a state before being eligible for in-state tuition prices

• The official record of high school or college courses and grades

What is a scholarship?

• Financial aid given to students and must be repaid upon graduation

• A Federal student loan provided to students with financial need.

• A form of financial aid that does not need to be repaid

• The official record of high school or college courses and grades

What is a Student Aid Report (SAR)?

• The information received after the FAFSA has been processed

• Financial aid given to students with a demonstrated financial need

• A form of financial aid that does not need to be repaid

• The official record of high school or college courses and grades