FAFSA Quiz

What does FAFSA stand for?

• Federal Application for Financial Student Assistance

• Free Application for Federal Student Aid

• Federal Aid for Student Assistance

• Free Assistance for Student Aid

When does the FAFSA application typically open each year?

• January 1

• October 1

• July 1

• December 31

What is the primary purpose of the FAFSA?

• To apply for student loans only

• To determine eligibility for federal financial aid, including grants, loans, and work-study

• To register for college classes

• To apply for private scholarships

Which of the following is NOT required to complete the FAFSA?

• Social Security Number

• Bank account information

• Tax returns from the previous year

• High school diploma

What type of financial aid does NOT need to be repaid?

• Federal loans

• Work-study funds

• Grants and scholarships

• Parent PLUS loans

What is the deadline for submitting the FAFSA?

• June 30 of the following year

• December 31 of the same year

• April 15 of the next year

• August 1 of the same year

Who is eligible to complete the FAFSA?

• Only U.S. citizens

• U.S. citizens and eligible noncitizens (such as green card holders)

• Only students with a minimum 3.0 GPA

• Only students attending public colleges

Can FAFSA be used for graduate school?

• No, it’s only for undergraduate students

• Yes, but only for private loans

• Yes, but grants are limited for graduate students

• No, graduate students must apply separately for aid

What type of loan offered through FAFSA has the best terms for students?

• Private loans

• Parent PLUS loans

• Federal Direct Subsidized Loans

• Federal Direct Unsubsidized Loans

If a student’s financial situation changes after submitting the FAFSA, what should they do?

• Nothing, as FAFSA cannot be changed

• Submit a new FAFSA application

• Contact the school’s financial aid office for a possible appeal

• Apply for a private loan instead