Font size
Worksheets"Now What" Seniors Week of 10/26 to 10/30
Total questions: 24
Worksheet time: 12mins
Money given or loaned to you to help pay for college.
grants
scholarships
loans
financial aid
Money issued by the government that you must pay back.
Federal student loan
Private loan
Academic scholarship
athletic scholarship
Letter from the college listing all financial aid given to the student.
cost of attendance
financial aid package
need analysis
award letter
Total amount student and families are expected to pay toward college costs.
Tuition
Cost of attendance
Estimated family contribution
Student aid report
A form sent to students after they have submitted the FASFA. Indicates Pell Grant eligibility.
SAR
EFC
FAFSA report
Financial aid package
Type of financial aid award based on need or merit that does not need to be paid back.
Federal loan
Private loan
Scholarship
Grant
Financial aid awarded based on merit. Does not need to be paid back.
federal loan
private loan
grant
scholarship
Also known as gift aid, this is money from the federal and state governments and individual colleges that does not need to be paid back.
grant
financial aid
scholarship
loan
Monetary gifts based on need/ merit that don't have to be paid back
grant
financial aid
scholarship
loan
Federally sponsored campus-based program that provides employment opportunities for students with demonstrated need
financial aid
grant
scholarship
work-study
Money available to be borrowed that is guaranteed by federal govt. and are available to students to fund education
financial aid
scholarships
loan
work-study
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
What are 3 things that the FAFSA determines your eligibility for?
admission, loans, scholarships,
loans, scholarships, grants
admission, programs, certificates
diploma, certificate, admission
What is the summary of your financial aid information with you EFC called?
FAFSA package
Student financial Report
Financial Aid package
Student Aid Report (SAR)
Which of the following is federal money you can earn by taking a part-time job on campus?
EFC
SAR
Pell Grant
Work Study
After you've applied to the colleges you are interested in, what will they send you? (Select 2)
An email inviting you to create a student account
An email or letter with your student ID number
A welcome package
Your SAR
True/False you will need to set-up a student account for each college that you applied to.
True
False
True/False Your student ID will be the same for all colleges.
True
False
True/False Your student ID number at the college level is the same as your State Student ID and your Application ID number.
True
False
Select all of the items below that you should be doing after you're done with your applications
Check your email daily
Read and Understand your SAR (student aid report)
Set up your student accounts and check them regularly
Keep track of your student account logins and student ID #s
Which EFC number is the best thing you can see on your SAR?
5,000
2,500
500
0
True/False Your EFC is how much your family will be required to pay for your college expenses
True
False
What does EFC stand for?
Expected Family Costs
Expected Family Contribution
Estimated Financial Cost
