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WorksheetsFinancial Aid 101
Total questions: 20
Worksheet time: 10mins
What does SAR stand for?
Students Aren't Real
Student Aid Reason
Student Aid Report
Student Army Recruitment
What does SAI stand for?
Silly Animal Idiot
Sometimes Appealing Index
Student Aid Index
Student Apply Index
What does FAFSA stand for?
Free Application for Financial Student Aid
Free Application for Fun Silly Antics
Free Application for Federal Student Aid
Free Apples for Families With Students Anywhere
What does TASFA stand for?
Texas Application for Student Federal Aid
Texas Application for Funny Silly Aid
Texas Application for Student Funeral Aid
Texas Application for Student Financial Aid
Financial Aid is _____________________.
money for ramen noodles
money for post-secondary education.
money for tootsie rolls
money for post-graduate education.
Types of Financial Aid are ___________________.
Grants
Work-Study
Loans
All the above
What significant number is provided on the SAR?
ASI
ISA
SAI
AIS
The SAI tells families _________________.
the money the family will get in financial aid.
the money the family will payback to the bank.
the money the family will have to pay for all of their children education.
the money the family will have to pay for each child's education.
What does COA stand for?
Cost of Attendance
Cost of Aid
Cost of Anything
Cost of Absent
What 5 items make up the COA?
1. Tuition
2. Books
3. Room
4. Fees
5. Toothpaste
1. Tuition
2. Board
3. Room
4. Deodorant
5. Laptop
1. Tuition
2. Fees
3. Shoes
4. Bicycle
5. Jacket
1. Tuition/Fees
2. Books/Supplies
3. Room/Board
4. Transportation
5. Other (personal items)
What formula is used to calculate the financial aid you are eligible for?
SAI + COA
SAI - COA
COA - SAI
COA + SAI
Which family would qualify for the most financial aid?
SAI is $10.000
SAI is $0
SAI is $12,000
SAI is $30,000
Which type of aid do you have to pay back?
loans
grants
work-study
scholarships
What type of aid do you not have to pay back?
all of the choices
scholarships
work-study
grants
What does subsidized loans mean?
You have to pay the loan and the interest
you have to pay the interest only
the government pays the loan back
the government pays the interest
What are the 2 most expensive items in the COA?
room/board, transportation
tuition/fees, room/board
transportation/
personal expenses
books/supplies, tuition/fees
Why is the tuition at a private university more expensive than that of a public university?
private universities have stronger academics
private universities are not subsidized
public universities have lower standards
public universities have open enrollment
What citizenship is required for the FAFSA?
Texas Citizenship
Mexican Citizenship
Canadian Citizenship
US Citizenship
What is the TASFA for?
aid for US citizens in Tennessee
aid for non US citizens in Tennessee
aid for non US citizens in Texas
aid for US citizens in Texas
What are the COAs for TAMU and Baylor?
TAMU $30,798
Baylor $85,934
TAMU $75,360
Baylor $29,684
TAMU $29,864
Baylor $75,048
TAMU $75,048
Baylor $29,864
