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EIF Financial Literacy Dec 2022

Total questions: 11

Worksheet time: 4mins

Name
Class
Date
1.

What does EIF stand for?

a)

End Independent Fellowship

b)

Education is Freedom

c)

Educational Independence Forever

d)

Email Indifferent Friends

2.

The Pell Grant needs to be paid back after graduation.

a)

True

b)

False

3.

You need to renew your FAFSA/TASFA every year while in college.

a)

True

b)

False

4.

What does FAFSA stand for?

a)

Free Application for Federal Student Aid

b)

Fixed American Finances Sampled Annually

c)

Fun Awesome Factual Silly App

d)

Filling Application for Financial Support America

5.

What does TASFA stand for?

a)

Terry Application for Student Freedom Advising

b)

Terrific and Spectacular Fellowship Ad

c)

Texas Application for State Financial Aid

d)

Texans Always Starting Fighting Associations

6.

The U.S. Department of Education pays the interest on which loan while you're in school at least part time?

a)

Direct Subsidized Loan

b)

Federal Pell Grant

c)

Private Student Loan

d)

Direct Unsubsidized Loan

7.

Work-Study jobs are a great way to help pay for school.

a)

True

b)

False

8.

Based on your financial aid application, every college will offer you the same amount in grants, loans, and scholarships.

a)

True

b)

False

9.

Even if a student does NOT complete college, they still have to pay back their loans.

a)

True

b)

False

10.

Where is NOT a place to find scholarships?

11.

Where is the EIF room located?

a)

115

b)

315

c)

Not on-campus

d)

101B