Financial Aid Quiz

Which type of financial aid is considered free money?

• Grants

• Work-Study programs

• Federal student loans

• ROTC

What is the main benefit of taking out a federal student loan instead of a private loan?

• You can defer paying your loan until 5 years after graduation.

• You may qualify for loan forgiveness after you graduate.

• You will have a higher interest rate for a federal student loan.

• You can pay the principal down faster on a federal student loan.

Which of these places would be a good place to look for a scholarship?

• State capital

• Court house

• College website

• Local library

When do you need to apply for the Free Application for Federal Student Aid (FAFSA)?

• The year before college and every year you attend

• Two years before college and every year you attend

• Once, after you have been accepted into college

• Once, after you have completed your first semester

Rosa is getting ready to fill out the FAFSA. Which of these documents will she need to fill it out?

• Individual tax returns

• High school transcript

• Driving record

• Most recent pay slip

Marcus is a high school senior in Atlanta. He plays baseball and is president of the mock trial club. He would like to major in political science in college and become a lawyer. Which of these scholarships would he be qualified to apply for?

• City of Atlanta basketball scholarship

• Teach for America student scholarship

• American Bar Association law scholarship

• Literary Bard Society student scholarship

What ls a scholarship

• A scholarship is something you get awarded based on talent of any sort

• when you love college and homework

• When you donate money to a charity

• amount if money that's is given for college but you have to fill out a form

What is Financial Aid?

• A loan that must be repaid with high interest

• Money that is given to pay for students' education

• A type of investment in stocks

• A mandatory fee for all college students

what's a grant

• When you don't want to go to college

• When you donate money to a charity

• amount of money that's is given for college but you have to fill out a form

Do you need a High School Diploma to receive Finanical Aid?

• Yes

• No