WorksheetsFinancial Aid
Total questions: 15
Worksheet time: 36mins
What is the formula to determine financial need?
What is the difference between an indirect and a direct cost? Why is it important to know the difference?
True or False: COA changes on a regular basis.
True
False
What are the advantages and disadvantages of work study? Name at least two for each.
What does EFC stand for?
Estimated Family Commitment
Expected Family Contribution
Estimated Family Contribution
Expected Family Commitment
What is the difference between FAFSA and TAP?
FAFSA is federal aid TAP is state aid
FAFSA is state aid TAP is federal aid
FAFSA is free TAP is not
FAFSA offers grants TAP does not
True or false. Your EFC is the same wherever you go
True
False
Which of these is NOT a direct cost?
Room
Board
Transportation
Tuition
What is the name for the type of financial aid that is NOT need based?
Scholarship
Merit
Loan
Alternative
What is the difference between a grant and a scholarship?
The ability to pause loan repayment is also known as:
Matriculation
Adjusted Gross
Deferment
Accreditation
Which loan is parent- based?
subsidized
plus
Perkin's
unsubsidized
What is the term for the remaining amount of money owed after financial aid is offered?
gap
need- based
adjusted gross income
COA
What is the difference between a subsidized and unsubsidized loan?
How do you feel about the college process up until this point and what way(s) can I help?
