College and the FAFSA

The sticker price of a university includes tuition, fees, room and board, and other related costs.

• Only tuition

• Tuition and fees

• Tuition, fees, room and board, and other related costs

• Information about financial aid

The sticker price is considered the easiest university price value to track because it is publicly listed.

• It is shown publicly.

• It changes too frequently.

• It is negotiated privately.

• It is set by government regulations.

Which of the following is considered an indirect cost?

• Tuition

• Health insurance

• Off-campus housing

• Meal plan

True or false: Families pay taxes to subsidize public universities, which affects the tuition cost for in-state residents.

• True

• False

Scholarships are financial awards given to students to support education.

• Financial awards given to students to support education

• Financial loans that must be repaid

• Personal savings grants

Define a grant.

• A grant is a sum of money given by an organization for a particular purpose.

• A grant is a type of loan that must be repaid with interest.

• A grant is a donation given by charitable institutions without any conditions.

• A grant is a form of tax deduction provided by the government.

Which of the following scholarships is for university students with exceptional financial need?

• Federal Pell Grant

• Iraq and Afghanistan Service Grants

• Teacher Education Assistance for College and Higher Education (TEACH) Grant

• Federal Supplemental Educational Opportunity Grant (FSEOG)

Before applying for a Pell Grant, you must complete _____?

• FAFSA

• CSS PROFILE

• Scholarship essay

• College application

The benefits of a university job according to the study and work program include both financial assistance and professional experience. Select the correct statement.

• It only provides financial assistance.

• It only offers professional experience.

• It provides both financial assistance and professional experience.

• It offers neither financial assistance nor professional experience.

True or false: Being eligible for the work-study program does not automatically guarantee that you will receive the money.

• True

• False