ECT - Week 2 Exam - Summer Credit Recovery

FAFSA stands for Free Application for Federal Student Aid

• True
• False

The FAFSA application qualifies you for:

• Pell, IMAP and FSEOG Grants
• Student Loans
• Work Study Programs
• All of the above

All grants must be repaid.

• True
• False

Loans do not have to be repaid.

• True
• False

PELL Grant is a Federal grant for undergraduate students with a financial need and currently has a maximum of $7,350

• True
• False

The I-MAP is a college grant for residents of the State of Illinois with a current annual award of $7,200.

• True
• False

FSEOG Grant is a Federal grant with a maximum value of $4,000 per year.

• True
• False

You must request the FSEOG grant from the university you will be attending. It is not automatic like PELL and IMAP.

• True
• False

If you do not graduate from high school, can you still qualify for college financial aid each year?

• Yes
• No

Is there a different application for the PELL, IMAP, FSEOG grants and student loans?

• Yes
• No
• Maybe