Unit 3 Section 1&2

What is a key characteristic of scholarships?

• They must be paid back.

• They are given based on need only.

• They don't have to be paid back.

• They are only for athletes.

When do payments for student loans typically start?

• Immediately after receiving the loan.

• 6 months after you stop attending school.

• 1 year after graduation.

• Only after you get a job.

What is a common feature of grants?

• They must be repaid.

• They are only for graduate students.

• They don't have to be paid back unless you withdraw from school.

• They are only available in certain states.

What is the first step to receiving any money for college?

• Filling out the FAFSA

• Applying for student loans

• Registering for classes

• Attending orientation

FAFSA=Free __________ for Federal Student Aid

• Application

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• Allowance

• Admission