EVERFI: Education and Financial Aid

What 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 out 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

• Online job board

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 is 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 Board Society student scholarship