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WorksheetsFAFSA
Total questions: 15
Worksheet time: 8mins
What does the acronym FAFSA mean?
Financial Application for Free Student Assistance
Free Assistance for Fast Student Approval
Free Application for Federal Student Aid
Formal Application for Federal Student Assistance
Does it cost money to file the FAFSA?
Yes
Only if you fill it out after January 1st
No
Only if your college requires a fee
Filling out the FAFSA qualifies you for...(check all that apply)
federal grants
work study opportunities
merit-based scholarships
federal loans
private loans
The FAFSA becomes available starting...
January 1
March 2
May 1
October 1
Which one of these things do you NOT need to fill out the FAFSA?
Birth certificate (or proof of U.S. citizenship)
Tax information from parent(s)
Parent and student FSA IDs
Your Social Security Number
True or False? Males between the ages of 18-25 must be registered for the Selective Service (draft) in order to complete the FAFSA.
True
False
True or False? The FAFSA will only help you get federal financial aid, not state or college-based financial aid.
True
False
The formula colleges use to determine your financial aid package is:
Cost of attendance minus local scholarships you get
Expected family contribution minus local scholarships you get
Expected family contribution plus your personal contribution
Cost of attendance minus expected family contribution
You file the FAFSA once over the course of your college career.
True, you only file once.
False, file every year.
Most need-based aid is awarded on a first-come, first-served basis so it is best to file the FAFSA as soon as possible.
True
False
What does EFC stand for?
Education Fund Contribution
Expected Family Contribution
Education Family Contribution
None of the above
What does SAR stand for?
Standard Aid Report
Student Aid Ratio
Student Aid Report
None of the above
Document that gives basic information on eligibility for FASFA
FAFSA
FSA
EFC
SAR
Deadline to complete FAFSA is...
October 1
May 1
March 2
January 1
Parents residency status doesn’t affect student eligibility for
financial aid money
True
False
