College Expenses and Financial Aid

What is the sticker price for the academic portion of your college expenses, which does not include room and board, textbooks, or other fees?

• Scholarship

• Tuition

• Net Price

• Forbearance

What is the student aid coming from the state or federal government, the school, or from private sources that does not need to be repaid?

• Work-study

• Pell Grant

• Grants

• Scholarship

What is the actual cost a student pays to attend a school, calculated as the sticker price minus grants and scholarships?

• Cost Of Attendance

• Tuition

• Sticker Price

• Net Price

The rate charged for borrowing money, usually expressed as a percent of the amount borrowed, is known as the ________.

• Default

• Discount Rate

• Interest Rate

• Rate Of Return

Tags

CCSS.HSF.LE.A.1

CCSS.HSS.MD.B.5

Describes the status of being behind on one or more loan payments.

• A) Default

• B) Delinquency

• C) Deferment

• D) Forbearance

Expenses that are essential for you to be able to live and function.

• Wants

• Demands

• Needs

• Goods

A type of aid primarily awarded for academic merit (good grades) or for something you have accomplished (volunteer work, athletics, etc) that does not need to be repaid.

• Grants

• Forbearance

• Scholarship

• Tuition

A free online application that current or prospective college students can submit each year to determine their eligibility for financial aid. What is this application called?

• National student exchange program (nsep)

• College scholarship service (css)

• Free Application For Federal Student Aid (FAFSA)

• Student loan repayment program (slrp)

What are expenses that help you live more comfortably?

• Wants

• Goods

• Needs

• Demands

What is the term for long-term failure to repay a loan according to the terms agreed to, which has a substantial negative impact on the borrower's credit score?

• Default

• Interest Rate

• Forbearance

• Deferment