Training - Post Test

The 24-25 FAFSA begins in which term?

• Summer 2023

• Summer 2024

• Fall 2023

• Fall 2024

Answer explanation

The 24-25 FAFSA covers Fall 2024, Spring 2025, and Summer 2025.

Which of the below forms of aid are graduate students eligible for?

• Florida Student Assistance Grant (FSAG)

• Pell Grant

• Federal, Grad PLUS, and Private Loans

• Federal Supplemental Educational Opportunity Grant (FSEOG)

Answer explanation

Graduate students receive scarce financial aid resources which is limited to Stafford Unsubsidized Loans, Grad PLUS Loans, and Private Loans.

The only exceptions are students that received Bright Futures as an Undergraduate student and graduated with their Bachelor's degree in 7 or less semesters. These students can utilize their final term of Bright Futures in their first Graduate semester.

Non-degree seeking students are....

• always eligible to received federal aid

• not eligible to receive federal aid

• only eligible for Stafford Loans

• only eligible for Pell Grant

Answer explanation

Students must be admitted to a degree-seeking program to be eligible for federal aid (Pell, Stafford Loans, PLUS Loans, SEOG, FWS, etc.).

What is the minimum number of credit hours required to receive Bright Futures in any term?

• 12

• 9

• 6

• 1

Answer explanation

Only exceptions are students enrolled less than 6 credit hours in their graduating term that confirm their graduating status by submitting a memo from their academic advisor to our office.

What does the acronym FAFSA mean?

• Financial Application for Free Student Assistance

• Free Assistance for Fast Student Approval

• Free Application for Federal Student Aid

• Formal Application for Federal Student Assistance

Answer explanation

Key word: FREE. Students should never pay anyone to complete the FAFSA on their behalf.

Filling out the FAFSA qualifies you for...(check all that apply)

• Pell Grant and FSEOG

• Federal Work Study opportunities

• merit-based scholarships

• Subsidized and/or Unsubsidized Loans

• private loans

Answer explanation

Merit-based scholarships and Private Loans have separate applications that are not within the FAFSA. Although, keep in mind that many scholarships and Private Loans require a valid FAFSA on file to determine Financial Need.

What is the minimum number of credit hours required for an Undergraduate student to receive Stafford Loans in any semester?

• 6

• 12

• 10

• 4.5

Answer explanation

Keep in mind that this is UCF hours only. Transient hours are not accepted for Stafford Loans.

What is the minimum number of credit hours for Graduate students to receive Stafford Loans in Fall or Spring?

• 6

• 12

• 3

• 4.5

Answer explanation

In Fall or Spring, Graduate students must be enrolled in at least 4.5 credit hours to receive a Stafford Loan.

In Summer, Graduate students must be enrolled in at least 3 credit hours to receive a Stafford Loan.

Which of the following are Satisfactory Academic Progress (SAP) standards for Undergraduate students?

• 67% Completion Ratio

• 2.0 GPA

• 3.0 GPA

• 180 Credit Hours / Maximum Timeframe

Answer explanation

Undergraduate Requirements:

67% Completion Ratio

2.0 GPA

180 Credit Hours (150% of program length, so those in longer program can receive more than 180 credit hours)

Graduate Requirements:

67% Completion Ratio

3.0 GPA

150% of program length

What is the FAFSA Priority Deadline for 24-25?

• February 1st

• February 15th

• January 1st

• December 1st

Answer explanation

In a typical aid year, December 1st is the priority deadline for FAFSA submission. However, 24-25 has not been a typical year and the deadline was extended to February 15th.