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Financial Aid Trivia

Authored by Vicki Schroeder

Other

12th Grade

Used 2+ times

Financial Aid Trivia
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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Who can receive scholarships to help pay for college?

Students with a GPA of 80+

Students who are exceptional athletes

Anyone (including all other choices)

Students who demonstrate leadership

2.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

What form(s) do ALL students and parents need to complete to receive financial aid?

FAFSA

New York State TAP

Say Yes Application

CSS Profile

Answer explanation

If you attend college in NY you have to file your TAP application. Some students are not eligible for Say Yes due to enrollment and address. The CSS Profile is required for more selective colleges. Make sure you check your emails!

3.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Which of these statements about loans is FALSE?

Federal loans are better than private loans

Students should borrow as much money as possible

Students must pay back money they borrow with interest

Parent loans should be a last resort

Answer explanation

You should only borrow what you absolutely need. You can always approve your loan for LESS money than offered. Remember, you have to pay back this money with interest!

4.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

What is an example of other resources a student may use to pay for college?

Earnings from a job

Money from parents or family

Employer tuition reimbursement

All of the these

5.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

Once you file your FAFSA in your senior year of high school, you are set for up to 4 years.

TRUE

FALSE

Answer explanation

You must file your FAFSA EVERY year you are enrolled in college. Your college's financial aid office may remind you each year.

6.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

What does tuition include?

Taking classes only

Living on campus

Books

Campus meal plan

Answer explanation

Tuition only covers the cost of taking classes for credits. Remember, you will need money to cover the other costs.

7.

MULTIPLE CHOICE QUESTION

10 sec • 5 pts

How much is tuition at a 4-year SUNY school for the 2024-2025 school year?

$5,350

$3,700

$7,070

$10,100

Answer explanation

This is tuition only. SUNY costs will vary based on the individual campus' fees.

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