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FAFSA

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

What does the acronym FAFSA mean?

a)

Financial Application for Free Student Assistance

b)

Free Application for Federal Student Aid

c)

Free Assistance for Fast Student Approval

d)

Formal Application for Federal Student Assistance

2.

Does it cost money to file the FAFSA?

a)

Yes

b)

No

c)

Only if you fill it out after January 1st

d)

Only if your college requires a fee

3.

The FAFSA becomes available starting...

a)

January 1

b)

December 31

c)

May 1

d)

October 1

4.

Which one of these things do you NOT need to fill out the FAFSA?

a)

Birth certificate (or proof of U.S. citizenship)

b)

Parent and student FSA IDs

c)

Tax information from parent(s)

d)

Your Social Security Number

5.

True or False? Males between the ages of 18-25 must be registered for the Selective Service (draft) in order to complete the FAFSA.

a)

True

b)

False

6.

True or False? The FAFSA will only help you get federal financial aid, not state or college-based financial aid.

a)

True

b)

False

7.

The formula colleges use to determine your financial aid package is:

a)

Cost of attendance minus local scholarships you get

b)

Expected family contribution plus your personal contribution

c)

Expected family contribution minus local scholarships you get

d)

Cost of attendance minus expected family contribution

8.

If your parents live together, you...

a)

Include them both on FAFSA

b)

Include them both on FAFSA only if they are living together AND married

c)

Include only the parent who makes more money

d)

Include only the parent who you prefer

9.

If your parents are divorced and do not live together...

a)

You must report the information for them both in every circumstance

b)

You must only report the information for the parent who either financially supports you the most or who you live with the most

c)

You cannot apply for FAFSA

d)

You do not have to report any parent information

10.

If the parent you live with has remarried, and this person lives in your home...

a)

You include the stepparent's tax information on your FAFSA

b)

You do not include the stepparent's tax information on your FAFSA

c)

You only include the stepparent on your FAFSA if your parent does not have a social security number

d)

You lie and say your parent has not remarried to get an EFC closer to 0

11.

If you don't have a driver's license...

a)

You do not need to put your driver's license number on FAFSA

b)

You need to get one before you can complete FAFSA

c)

You can apply for FAFSA, but you have to fill out a more detailed application

d)

None of the above are correct

12.

How often do you complete FAFSA?

a)

Once a year, every year you are attending school

b)

One time before your freshman year of college

c)

Once a year, every 2 years you are attending school

d)

As often as you would like to

13.

Grants are...

a)

Earned Money

b)

Borrowed Money

c)

Free Money

d)

Not given through FAFSA

14.

Loans are...

a)

Free Money

b)

Borrowed Money

c)

Earned Money

d)

Not given through FAFSA

15.

How much money you get from FAFSA is determined by your...

a)

Work Study

b)

Loans

c)

Grants

d)

EFC, Estimated Family Contribution

16.

What is FAFSA?

a)

It's a paid application for Federal Student Aid where you need to pay to have access to financial aid, grants, and loans.

b)

It's a free application for Federal Student Aid where you do not need to pay to have access to financial aid, grants, and loans.

c)

A type of food.

17.

What is COA?

a)

Cost of attendance

b)

Cost of admiration

c)

Cost of admission

d)

Care of administration

18.

What is SAR?

a)

Student admission report

b)

Student aid report

c)

Student admission review

d)

Student aid review

19.

Why is COA important?

a)

It's important because it's a college's cost of attendance (COA) is the total direct and indirect costs of a year of college. The cost of attendance may also be called the student budget or the sticker price.

b)

It's important because it subtracts a college's cost of attendance (COA) is the total direct costs of a year of college. The cost of attendance may also be called the student budget or the college price.

c)

This is a trick question. There is no such thing in COA as it relates to FAFSA.

20.

What is an SAR?

a)

The Student Aid Report (SAR) is a paper or electronic document that gives you some basic information about your eligibility for state student aid and lists your answers to the questions on your Free Application for State Student Aid (FASSA).

b)

The Student Aid Report (SAR) is a paper or electronic document that gives you some basic information about your eligibility for federal student aid and lists your answers to the questions on your Free Application for Federal Student Aid (FAFSA).

21.

What do you NOT need to fill out your FAFSA?

a)

HS Diploma or GED

b)

Demonstrate financial need

c)

Have at least a 3.5 GPA

d)

Must be enrolled or enrolling an eligible degree program

22.

If you live with your parent(s) or guardian(s) then they will need to have their_________ in order to fill out the FAFSA.

a)

last year's report cards

b)

last year's tax forms

23.

It's important to discuss FAFSA, taxes, and financial aid with your parent(s) or guardian(s) because...

a)

you want them to go to college and pay as little as possible.

b)

you want to go to college and want to pay as little as possible.

24.

How much is FAFSA?

a)

Free

b)

Seventy Dollars

c)

One Hundred Seventy-Three Dollars

d)

Fifty Bucks

25.

Can you apply for FAFSA online?

a)

Yes

b)

NO

c)

Maybe

d)

Pizza

26.

What Documents will you need to apply for FAFSA?

a)

Your W-2 forms for the previous year or other records of money earned

b)

Your Federal Income Tax Return for the previous year

c)

Your parents' Federal Income Tax Return for the previous year if you are a dependent student.

d)

All of the above

27.

The purpose of the Zero Debt College Project is

a)

To learn strategies to get scholarships to fully cover the cost of college

b)

To get perfect grades in school

c)

To graduate top of your class in high school

28.

A person needs to be absolutely poor to get scholarships

a)

True

b)

False

29.

To get scholarships the number one thing you need to do is:

a)

Apply

b)

Get perfect grades

c)

Get excellent test scores

30.

Which of the following is something ANY student can do to get better prepared for scholarships?

a)

Community Service

b)

Graduate top of the class

c)

Be a top athlete