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Worksheets

Types of Financial Aid

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

What are the 4 types of financial aid?

a)

Loans, Scholarships, Grants, and Work-Study

b)

Gifts, Loans, Credit Cards, and Debit Cards

c)

Scholarships, Credit Cards, Job, and Grants

2.

You don't have to pay scholarships back.

a)

True

b)

False

3.

You don't have to pay your student loans.

a)

True

b)

False

4.

What is the type of financial aid, that helps you get a job on campus?

(a)  

5.

You are an education major, and part of your financial aid is the money you earn as a tutor.

a)

Work Study

b)

Grant

c)

Scholarship

d)

Loan

6.

You receive $500 from the local cultural society.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

7.

Your father lost his job and the family's income became much lower. You received money from the government to pay for college.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

8.

You borrowed money through a federal program to pay for your education this year.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

9.

You entered your painting in a contest and won $750 to pay for your college expenses.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

10.

You work in an office on campus after class every day.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

11.

You were a high school athlete. The university is paying your tuition while you play on the college team.

a)

Work Studt

b)

Scholarship

c)

Grant

d)

Loan

12.

Your parents borrowed money through a U.S. government program for parents of college students.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

13.

You were raised by a single parent. Your family income qualified you to receive a need-based award from the U.S. government.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

14.

You are going to school to study voice performance, and receive $1,000 per semester because you sing in the college choir.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

15.

You work 20 hours per week in the library at your college.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

16.

Your family qualified for a federal government program that reduced the interest on the money you borrowed to pay for college.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

17.

You receive a $1,000 award to help pay for college from a local community organization in recognition of your volunteer activities.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

18.

Your other financial aid did not cover all of your college costs, so you borrowed money from a private lender.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

19.

You work in the college's computer lab three days per week.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan

20.

Your PSAT scores qualified you as a National Merit Scholar. Several schools have offered you money based on your accomplishments and test readiness.

a)

Work Study

b)

Scholarship

c)

Grant

d)

Loan