Free Printable Financial Aid

Worksheets

Financial Aid

Total questions: 22

Worksheet time: 11mins

Name

Class

Date

___________________________ is funding to a student to help pay for education-related expenses.

financial aid

fee

room and board

loan entrance counseling

______________ is money charged for teaching and instruction provided by a school.

fee

tuition

self-help aid

grant

___________ money charged for services provided.

room and board

scholarship

loan

fee

__________________ term referring to the costs of housing and food.

grant

Pell grant

Supplemental Education Opportunity

room and board

______________sum of money borrowed.

loan

grant

self-help aid

work-study program

_________________________ sum of money intended to support a student's education and awarded based on achievement.

work-study program

grant

scholarship

Pell Grant

______________________ financial aid for which the student must take responsibility; includes work-study and loans.

self-help aid

grant

Pell Grant

Supplemental Education Opportunity Grant

________________ sum of money given by an organization for a particular purpose (often education).

grant

work-study program

Pell Grant

Self-help aid

___________________ federal grant awarded based on financial need; amount depends on a student's EFC and enrollment status, as well as the cost of attendance.

Self-help Aid

Grant

Supplemental Education Opportunity Grant

Pell Grant

10.

_______________________ is a need-based financial aid program allowing students to work a part-time campus job to help pay for college

work-study program

scholarship

grant

loan

11.

_____________________________ sum of money borrowed from the federal government to pay for college; typically have lower interest rates and more flexibility than private loans

Subsidized Loan

Unsubsidized Loan

FAFSA

Federal Student Loan

12.

_________________________ loan which does not accrue interest while in school or during a 6 month deferment period after graduation

unsubsidized loan

FAFSA

subsidized loan

expected family contribution

13.

_________________________ loan which accrues interest from the time it is borrowed, including while the borrower is in school

subsidized loan

unsubsidized loan

FAFSA

Profile application

14.

____________________ document provided to a student after successful completion of the FAFSA which summarizes basic information about a student's eligibility for federal student aid and lists the student's answers tot he questions on the FAFSA

Student Aid Report

Expected Family Contribution

Master Promissory Note

Profile Application

15.

______________________________ form used to apply for federally funded financial aid; also used by some states and colleges to determine eligibility for for state- and college-funded aid; includes questions concerning income, financial situation and demographic date

Expected
Family Contribution (EFC)

PROFILE Application

Free Application for Federal Student Aid (FAFSA)

Student Aid Report (SAR)

16.

_______________________ measure of a family's financial ability used to determine eligibility for financial aid; calculated according to a formula which considers income, assets, family size and number of family members in college

PROFILE Application

Expected Family Contribution (EFC)

Student Aid Report (SAR)

Loan Entrance Counseling

17.

What is the first step for getting financial aid for college?

Fill out the college application

Fill out the FAFSA

Call the financial aid office of the college

Do nothing - wait for the government to throw you money

18.

What are 3 things that the FAFSA determines your eligibility for?

admission, loans, scholarships,

loans, scholarships, grants

admission, programs, certificates

diploma, certificate, admission

19.

What is some personal information required for the FAFSA

Your social security number

parents social security numbers

your drivers license if you have one

All answers are correct

20.

What kind of financial information does the FAFSA require?

parent's tax records if you are independent

your tax records as well as your parents if you are their dependent

21.

When does FAFSA open?

Jan 1

Mar 15

Aug 1

Oct 1

22.

Which documents do you typically need for a scholarship? Select all that apply.

Application

Essay

Resume

Letter of Recommendation

Cover Letter

Reset

Financial Aid

Total questions: 22

Worksheet time: 11mins

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