Financial Aid and College Savings Quiz

What is a Pell Grant?

What are scholarships given for?

• Good grades

• Community service

• Athletic ability

• Unique personal qualities

How do students find scholarships?

• Search for scholarships online

• Ask the counselor for a list of local scholarships

• Contact the college directly

• Contact the federal government directly

How do students apply for work-study?

• Complete the FAFSA application

• Find a job that accepts work-study students

• Contact the college directly

• Contact the federal government directly

What is a 529 savings plan?

What are Individual Development Accounts (IDA) for?

What are college savings accounts for?

• Education expenses

• Personal expenses

• Entertainment expenses

• Medical expenses

What are loans for college?

• Money that must be paid back

• Money that does not need to be paid back

• Money for good grades

• Money for community service

What is work-study?

• Part-time jobs to help pay for college costs

• Jobs that pay more than minimum wage

• Jobs that are full-time

• Jobs that do not require financial need

How do you discuss college savings options?

• With a bank or financial institution

• With the college directly

• With the federal government

• With the state government