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FAFSA Process

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

In what month does the FAFSA become available for the following year?

a)

August

b)

September

c)

October

d)

November

2.

Who uses the FAFSA once you have submitted it?

a)

Your parents

b)

You

c)

Teachers

d)

Colleges

3.

How often should you apply for FAFSA?

a)

Every year you're in college

b)

Every month

c)

Only once

4.

Where do you go to complete your FAFSA?

(a)  

5.

After submitting your FAFSA, what do you receive?

a)

Money

b)

Submission

Summary with your Student Aid

Index (SAI)

c)

A gold star

6.

Subsidized Direct Loans

a)

Given

to those pursuing graduate and doctoral degrees

or to parents of undergraduate students

b)

Interest accrues while you are in school and gets added to your

loan balance when you start making payments

c)

The federal government pays the interest while you are in school

7.

Direct PLUS Loans

a)

Given

to those pursuing graduate and doctoral degrees

or to parents of undergraduate students

b)

Interest accrues while you are in school and gets added to your

loan balance when you start making payments

c)

The federal government pays the interest while you are in school

8.

Unsubsidized Direct Loans

a)

Given

to those pursuing graduate and doctoral degrees

or to parents of undergraduate students

b)

Interest accrues while you are in school and gets added to your

loan balance when you start making payments

c)

The federal government pays the interest while you are in school

9.

How are grants & scholarships different from loans?

4 lines
10.

Which price is the REAL price of attending college?

a)

Sticker price

b)

Net Price