Module 2 FA Vocabulary Quiz

What does FAFSA stand for?

• Federal Aid for Student Applications

• Financial Aid for Student Applications

• Federal Application for Student Assistance

• Free Application for Financial Aid

What is a grant?

• A loan funded by the federal government

• A non-federal loan made by a bank

• Need-based college tuition assistance provided by the federal or state government federal

• A federal or state student aid program that must be repaid

What is a scholarship?

• A federal or state student aid program that must be repaid

• A non-federal loan made by a bank

• College aid awarded based on academic merit

• A loan funded by the federal government

What is a federal student loan?

• A loan funded by the federal government

• College aid awarded based on academic merit

• A non-federal loan made by a bank

• A federal or state student aid program

What is a private student loan?

• A loan funded by the federal government

• College aid awarded based on academic merit

• A non-federal loan made by a bank

• A federal or state student aid program

What does COA stand for?

• Cost of Application

• Cost of Attendance

• College Opportunity Act

• College of Arts

What is Satisfactory Academic Progress?

• A college aid awarded based on academic merit

• A loan based on financial need

• A federal or state student aid program

• A school's standards to show progress towards a degree

What is a subsidized loan?

• A federal or state student aid program

• A non-federal loan made by a bank

• A loan funded by the federal government

• A loan based on financial need

What is work-study?

• A non-federal loan made by a bank

• A loan based on financial need

• A federal or state student aid program

• A loan funded by the federal government

What is an unsubsidized loan?

• A loan based on financial need

• A loan funded by the federal government

• A federal or state student aid program

• A non-federal loan made by a bank