Financial Aid

What are the different types of financial aid?

• Loans

• Scholarships & Loans

• Grants, Scholarships, Loans & Workstudy

• Grants, Scholarships & Loans

Cost of attendance includes the following EXCEPT:

• Tuition & Fees

• Transportation

• Room & Board

• Rent to Parents

If I apply for a loan I must accept it.

• True

• False

All of the following are costs of going to college EXCEPT...

• Tuition and fees

• Room and board

• Textbooks

• Scholarships and grants

When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK?

• Federal Pell Grant

• Direct Subsidized Loan

• Merit Scholarship

• Federal Work-Study

Money you receive for school that does not have to be paid back. Select all that apply.

• Federal Student Loans

• Grants

• Private Student Loans

• Scholarships

You or your parents borrowed money through a federal program to pay for your education this year.

• A scholarship

• A grant

• Work Study

• Loan

You were a high school athlete. The university is paying your tuition while you play on the college team.

• A scholarship

• A grant

• Work Study

• Loan

You work 20 hours per week in the library at your college.

• A scholarship

• A grant

• Work Study

• Loan

A letter that outlines your financial aid package

from the college(s) to which you applied, detailing your

federal, state, institutional and private aid

• Acceptance Letter

• Cost of Attendance Letter

• Award Letter

• Delinquency Letter