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WorksheetsFinancial Aid 101
Total questions: 15
Worksheet time: 9mins
What is federal student aid?
Expenses one must make to the federal government.
Money that helps to pay for personal finances such as bills.
Money that helps a student pay for education expenses at a postsecondary school.
The overall cost or "sticker price" of a two year or four year university.
What might federal student aid cover?
tuition and fees
room and board
books and supplies
All of the Above
Check off the three types of aid available through federal student aid.
loans
work study
scholarships
grants
Who is eligible to apply for federal student aid?
Anyone who applies
U.S. Citizens or Eligible non-citizens
Foreign Exchange Students
Non-citizens of the U.S.
You must maintain satisfactory academic progress throughout post-secondary school in order to remain eligible for FAFSA.
True
False
The link to visit when applying for FAFSA is-
fafsa.com
fafsa.org
fafsa.gov
fafsa.net
What date marks the first day you can apply for FAFSA during senior year and beyond?
10/01
01/10
10/11
11/01
What does the acronym SAR stand for?
Student Actualization Report
Student Aid Record
Student Acknowledgment Report
Student Aid Report
What is EFC?
Extended Formal Collection
Expected Formal Contribution
Expected Family Credit
Expected Family Contribution
True or False: Your Expected Family Contribution determines your eligibility for federal student aid.
True
False
True or False: Students can only accept one form of aid.
True
False
True or False: Students should base their decision on whether or not they can attend certain universities by whether their family can afford it or not.
True
False
Select the statement below that best defines merit based aid.
A type of aid meant for students that come from lower income families.
A type of aid meant for students who have excelled in athletics, debate, instrumental music, community service, other areas.
Select the statement below that best defines need based aid.
A type of aid meant for students that come from lower income families.
A type of aid meant for students that have excelled in athletics, drama, debate, instrumental music, community service, and other areas.
What does FAFSA stand for?
Free Application for Federal Student Assets
Free Application for Federal Student Aid
Free Award for Federal Student Aid
Free Application for Formal Student Aid
