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PCC: Funding Your Way Through College

Total questions: 17

Worksheet time: 53mins

Name
Class
Date
1.

Which of the following government offices help individuals fund their college education?

a)

Office of Vocational and Adult Education

b)

Office of Federal Student Aid

c)

Office of Educational Technology

d)

Office of Postsecondary Education

2.

When does a student need to file the FAFSA?

a)

every year of college attendance

b)

at the beginning of the course

c)

after every semester

d)

at the end of the course

3.

Which is the primary factor taken into consideration during distribution of grants and loans among eligible students?

a)

financial need

b)

reading skills

c)

athletic ability

d)

family history

e)

behavior traits

4.

Select all the correct answers.


Which three of the following expenses can student aid cover?

a)

tuition

b)

television

c)

school supplies

d)

parties and socializing

e)

boarding/housing

5.

Which two forms of financial aid require the student to bear the costs of college education?

a)

work-study programs

b)

direct loans

c)

merit-based scholarships

d)

federal Pell grant

e)

minority scholarships

6.

Choose the best words to complete each sentence and form a true statement.


Brad needs help repaying the loan he got to pursue a graduate program in a top-ranking university. If Brad opts for a work-study program, he will get a (Blank One) job. But first, Brad needs to check if his college participates in the (Blank Two) .

a)

Blank One: military

b)

Blank One: part-time

c)

Blank One: full-time

d)

Blank Two: Federal Perkins Loan Program

e)

Blank Two: Federal Work-Study Program

7.

Match the scenarios with terms related to financial aid.


Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

a)

default

b)

work-study

c)

forgiveness

8.

Match the scenarios with terms related to financial aid.


Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

a)

default

b)

work-study

c)

forgiveness

9.

Match the scenarios with terms related to financial aid.


Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

a)

default

b)

work-study

c)

forgiveness

10.

Match the scenario with terms related to financial aid.


Nathan comes from a low-income household. He wants to pursue an undergraduate degree in Marketing. He receives financial aid covering 50 percent of his college expenses. Nathan does not have to pay back this amount.

a)

merit-based scholarship

b)

student loan

c)

Pell grant

11.

Match the scenario with terms related to financial aid.


Anita wants to pursue a certificate program in Sports Nutrition. To pay for the course, she borrows money by filing the FAFSA.

a)

merit-based scholarship

b)

student loan

c)

Pell grant

12.

Match the scenario with terms related to financial aid.


Richard is one of the leading college basketball players in the state of Florida. He also maintains a good academic record. Looking at his talent and potential, Furman University offers to bear the expenses for his college education.

a)

merit-based scholarship

b)

student loan

c)

Pell grant

13.

Nikita wants to apply for student aid to fund her college education. Which answer has the steps involved in Nikita’s application for financial aid in the correct order?

a)

Nikita creates an FSA ID. Nikita fills out the FAFSA online. In about two weeks, Nikita receives a document called Student Aid Report (SAR). Nikita rechecks the information she provided and makes a few corrections. Colleges ask Nikita to verify the information in the FAFSA. Nikita receives financial aid award letters from various colleges.

b)

Nikita receives financial aid award letters from various colleges. Colleges ask Nikita to verify the information in the FAFSA. Nikita rechecks the information she provided and makes a few corrections. In about two weeks, Nikita receives a document called Student Aid Report (SAR). Nikita fills out the FAFSA online. Nikita creates an FSA ID.

c)

Nikita creates an FSA ID. Nikita fills out the FAFSA online. Colleges ask Nikita to verify the information in the FAFSA. Nikita rechecks the information she provided and makes a few corrections. In about two weeks, Nikita receives a document called Student Aid Report (SAR). Nikita receives financial aid award letters from various colleges.

14.

Grant or scholarship:


It's borrowed money that has to be repaid.

a)

True

b)

False

15.

Grant or scholarship:


It’s given based on a

student’s financial need

as well as academic

achievements.

a)

True

b)

False

16.

Grant or scholarship:


It becomes a part of a

person’s credit history.

a)

True

b)

False

17.

Grant or scholarship:


It’s given based mainly

on a student’s financial

need.

a)

True

b)

False