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WorksheetsHigher Education
Total questions: 24
Worksheet time: 12mins
Name
Class
Date
1.
What federal grant is the largest federal grant with a max amount of $5,815 and EFC determining eligibility?
a)
FSEOG
b)
Pell
c)
Stafford
d)
Federal Plus Loan
2.
Which one is not a source of aid?
a)
Private
b)
Federal
c)
Institutional
d)
Investment Bank
3.
What is the max amount of the federal perkins loan
a)
$5,000
b)
$5,500
c)
$6,000
d)
$4,000
4.
With a Stafford Loan, what is the grace period for repayment?
a)
3 months
b)
6 months
c)
9 months
d)
12 months
5.
Which is not a form of institutional aid?
a)
Grants
b)
Scholarships
c)
Hand outs
d)
Employment
6.
Where must the Net Price calculator be posted?
a)
Colleges' Website
b)
Naviance
c)
Common Application
7.
What is a common application error?
a)
Using your full name
b)
Using an incorrect social security number
c)
reporting parents marital status
d)
reporting both parents assets and students assets
8.
Factor that may not Iinfluence the financial package
a)
Legacy
b)
AP courses
c)
SAT's
d)
Teachers
9.
Early decision - you must apply by:
a)
October
b)
November
c)
December
d)
January
10.
When is the deadline for rolling admissions?
a)
January
b)
February
c)
There is none....you can apply anytime
d)
March
11.
Merit based aid is awarded to all except:
a)
Talent
b)
Academic
c)
Financial need
d)
Program of Study
12.
Need based Aid is based on
a)
Talent
b)
Financial Need
c)
Family Background
d)
Acheivement
13.
The federal perkins loan:
a)
has a 10 year repayment
b)
Has high interest
c)
Has a 6 month grace period
14.
The federal plus loan:
a)
Is given to the student
b)
Is given to the parent
15.
There is no deadline for institutional aid
a)
True
b)
False
16.
The estimates are not binding and are only as accurate as the data provided when completing the Net Price Calculator
a)
True
b)
False
17.
What is "expected Family Contribution"
a)
Parent Contribution
b)
Student Contribution
c)
Parent and Student Contribution
18.
529 College Savings Plan is all except:
a)
Investor Bears all Risk
b)
Investor has a lot of investments to choose from
c)
Time Restrictions
d)
Contributions may be deducted for State residents
19.
529 Prepaid Tuition is all the following except:
a)
Plan administrator bears all risk
b)
Usually state restriction
c)
fixed number of college credits purchased
d)
Student can go to any college in the U.S.
20.
What is the penalty to withdraw money from a 529 plan if not used for college or college expenses
a)
10%
b)
5%
c)
15%
d)
20%
21.
With Early Action, you need to commit tot he college if you are accepted
a)
True
b)
False
22.
Competition with "regular decision" applications is tougher because there are so many more applicants
a)
True
b)
False
23.
Mrs. PIETRYKA is your Favorite teacher
a)
Yes
b)
No
24.
Mrs. PIETRYKA graduated from
a)
Temple University
b)
St. Joseph's University
c)
LaSalle University
d)
MIT
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