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WorksheetsFAFSA Process and Preparation for Freshmen Year
Total questions: 19
Worksheet time: 11mins
What is one of the most important things you can do to keep up with FAFSA responsibilities AFTER you've applied for Financial Aid?
Check your email
Choose Check your Email
For real, choose check your email
This is not a trick, choose check your email
What two things MUST be completed in order to receive your Financial aid?
Master Promissory Note and Shopping
Master Promissory Note and Financial Planning Course
Master Promissory Note and Loan/Borrowing Online Course
None of the above
True/False You cannot get your financial aid packet until you've turned in your verification documents.
True
False
What does MPN stand for?
Master Promissory Note
Master Promise Negotiation
Master Promotion Note
None of the above
True/False Even if you aren't planning on taking out loans, you cannot recieve any financial aid until you've finished your MPN and online borrowing class
True
False
What happens if you receive a letter from your college saying that you and your family were selected for verification?
You must turn in tax documents and proof of income in order to receive a financial aid package.
You will have to verify what you spent your financial aid money on.
You will have to verify your GPA and classes with the school.
None of the above.
If and when you are chosen for verification, what should you do? (Select all that apply)
Call the school for clarification-right away
Wait to get it done, it's not the most important thing
Talk with your parents about getting proof of their income
Panic because you don't know how to get proof of income
Go to the IRS website and request a "Tax Transcript"
Select all of the items below that count as "proof of income"
W2s
Tax Transcripts
Letters from family/friends who help pay for monthly expense
None of the above
What should you do if you don't know how to provide proof of your parent's income
Call your school (with your parents if possible) and explain the stiuation, then ask specific questions
Panic and Ignore the problem
Tell your parents to call the school for you and remind them every week until its done
None of the above
Where could you be notified if you were selected for verification? (select all that apply)
Student Portal
Via the mail
None of the above
True/False You should respond to requests for verification as quickly as possible.
True
False
What other stuff should you make sure that you do while waiting for your Financial aid package to process? (Select all that apply)
Keep an eye out for Cal Grant information
Check your email, mail, and student portals regularly
Only check your email
Just wait until they call you
What is a financial aid package?
It is a letter that explains how much free money and loans you are eligible to get. It can be used to see if your financial aid will cover your entire cost of school.
It is a letter tha explains how much you owe to the school.
True/False You should use your financial aid package to help you determine which school is best for you.
True
False
Where will you find your financial aid package?
Your financial aid package will always be housed inside of your student portal
Your financial aid package will come in the mail
Your financial aid package will be emailed to you
When you review and compare award packages, there are two criteria to take into account:
How much you need, How much will you spend.
How much of your need will be met, How is it being met.
How much you owe, How much you need
How much you should spend, How much you will get.
If I am contacted by the Financial Aid office and asked to confirm my data, this is the process of
verification
inclusion
rejection
disenchantment
When comparing college costs be sure to look at
tuition and fees
room and board
books and supplies
all of the answers are correct
The amount of financial aid you receive will differ from school to school.
True
False
