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Financial Aid 101

Total questions: 12

Worksheet time: 7mins

Name
Class
Date
1.

What are the two types of Aid ?

a)

Merit based and needs based

b)

Age and Gender based

c)

Ethnicity and Geographical location

d)

I don’t know

2.

What are the types of Financial Assistance ?

a)

Grants

b)

Loans

c)

Scholarship

d)

I don’t know

e)

Work study

3.

What is FASFA ?

a)

Free Academic Advising

b)

Financial Education

c)

Free Application for Federal Student Aid

d)

I don’t know

4.

When does FASFA open ?

a)

September

b)

October

c)

November

d)

I don’t know

5.

What are grants ?

a)

Financial aid you don’t need to pay back

b)

Immunity to academic failure

c)

Help with homework

d)

I don’t know

6.

Do loans have to be paid back ?

a)

Yes

b)

No

c)

Maybe

d)

I don’t know

7.

Do scholarships have to be repaid ?

a)

Yes

b)

No

c)

Maybe

d)

I don’t know

8.

Work- study Allows you to earn money from on- campus jobs

a)

True

b)

False

c)

I don’t know

d)

Maybe

9.

Which ones are grants? Click all that apply

a)

Pell Grant

b)

Federal Supplemental educational opportunity Grants

c)

Teacher Education Assistance for college and higher education

d)

Iraq and Afghanistan service grants

10.

Which ones are loans , click all that apply .

a)

Subsidized loans

b)

Plus Loans

c)

Unsubsidized loans

d)

Perkins loans

e)

Private loans

11.

If you get charged to fill out a FASFA could it be a scam ?

a)

Yes

b)

No

c)

Maybe

d)

I don’t know

12.

Do you need your Social Security number or Alien Registration number to complete a FASFA form ?

a)

Yes

b)

No

c)

Maybe

d)

I don’t know