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College & Financial Aid Literacy Flashcards | StudBud
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College & Financial Aid Literacy
College & Financial Aid Literacy
45 terms
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The most boring and practical quiz for #graduatingseniors at #wchs
Flashcards
45 cards
F
Practice quiz
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Host live
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Questions
45
Answers
1
A loan your parents can take out for remaining college costs
Unsubsidized Loan
PLUS Loan
Grant
Subsidized Loan
2
FAFSA stands for...
Free Application for Student Aid
Free Admission into Forensic Science Academy
Free Application for Federal Student Aid
Federal Application for Free Student Aid
3
Before registering for classes, most first-year students have to meet with...
The Dean
Ryan Gosling
A Residential Advisor
An Advisor
4
EFC stands for...
Early Free Contributions
Expected Family Contribution
Eligible Female Coders
Etiquette For Communists
5
COA-EFC=
Financial Need
Number of children you'll have
KFC
Loan amount
6
Before you take out a student loan, you must complete...
All of the Above
Entrance Counseling
A Master Promissory Note
Exit Counseling
7
Net Price is...
How much you have in your bank account
What's left to pay after financial aid
Cost of locally caught fish
How much you get in loan $$
8
If you are an ag major which classes would count for your general core and your major?
Diversity
World History
Geography
Chemistry series
9
If you go to college after the military, they will pay for some or all of your college.
False
True
10
The period of time when you are deferring your loans
Default
Forbearance
Forgiveness
Principal
11
If your COA is 26000 & your EFC is 13000, your Net Price is...
26000
12345
Free
13000
12
MATH: Your COA is $27500, your EFC is 5500. What's your financial need?
$2200
$22000
$21800
$21000
13
The name for a requirement you have to meet before taking a class
Degree
Requirement
General Core
Prerequisite
14
Work-Study is...
a job where you get paid to do homework
a job at the campus library
an internship
a guaranteed campus job that helps pay for college
15
Which of these types of aid is an considered an entitlement (it can't be replaced by other aid)
Federal Pell Grant
Scholarship
State Grant
Subsidized Loan
16
Why is it worth it for Alicia Johnson to double major in accounting and finance?
It is only 5 more credits
It will only take her an extra semester
She has to for her major
She won't be able to get a job without it.
17
What is Nathan Haglin planning on majoring in?
Mining Engineering
Communications
Sports Management
Business
18
Your EFC is based on...
How many brothers & sisters you have
How much the school you're attending costs
How much money your parents make
How many cats your aunt has
19
If you have questions about a bill at college, you should go to/call:
Admissions
The registrar's office
Your advisor
The financial aid office
20
These are all types of undergraduate degrees:
AA, AAS, BA, BS
BA, BS, BP, AA, MA
BA, AAA, AAP, BAS
PhD, BA, MA, MIT
21
These are job industries that may qualify for public service loan forgiveness:
Professional Athletics
Education, law enforcement, public law, & military service
Medicine, Retail, & Computer Science
Law enforcement, fast food service, & clothing distribution
22
Where are good places to look for approved WA State apprenticeships?
WA Dept. of Labor & Industries (L&I)
McKay Seed
4-Year Universities
Community & Technical Colleges
23
Your student loans do not disappear even if you declare bankruptcy
True
False
24
Your EFC number changes depending on which school you attend
False
True
25
Your SAR will show...
Your Cost of Attendance
Your blood type
All of the above
Your FAFSA #'s & EFC
26
A program for students who have high grades that comes with perks like auto-admittance
Summa Cum Laude
Pre-Law
Honors
Magna Cum Laude
27
If you fall below full-time status, you could...
Be paying per credit instead of a standard tuition cost
Lose your financial aid
All of the above
Have to start repaying on your loans
28
Money you apply for and get based on merit (& sometimes income too)
Loan
Scholarship
Weasel
Grant
29
Some 2-year schools offer these 2 choices for a technical program:
Bachelor's or Associate's
Bachelor's or Certificate
Associate's or Certificate
Pizza and Breadsticks
30
SAR stands for...
Student Aid Report
Super Amazing Rollercoaster
Secret Agent Rats
Students Are Real
31
Colleges will try to fill your financial need with...
Loans, Grants, & Scholarships
Hopes & Dreams
Classes
Puppies
32
If you don't fill out income verification forms sent by the college, you can still get your aid
False
True
33
True or False: If you take a studio art or lab science class, you may have to pay extra fees
True
False
34
If you test below a 100 level in Math or English, you might have to take a...
Remedial class
Year off
Shot of tequila
Trip to the bookstore
35
You can withdraw from a class up until the last day of class.
True
False
36
What required classes did Nathan drop due to low grades on the first couple of tests?
Statistics
Accounting
Physics
Chemistry
37
Loan expense charged as a percentage of total loan balance (accrues monthly)
Interest
APR
Principal
Grant
38
Remedial classes are not worth college credit
True
False
39
The total student debt in the U.S. as of 2018
10 trillion
1.5 trillion
12 billion
880 million
40
At some colleges, you can only declare for certain majors if you rank high enough in your class
True
False
41
COA includes these costs
Books
Frat Parties
Tuition
Room & Board
42
Reason(s) you wouldn't have to take a placement test to get into math/English:
You're, like, really good at math
Your brother took the class before you
You have already passed college classes in that subject
You got a 3 or higher on the SBAC
43
If you want out of a college class in the first few weeks, you can ____ it.
Eat
Drop
Add
Withdraw from
44
The difference between a subsidized loan and an unsubsidized loan is...
One is free money
One is federal, one is private
When you start accruing interest
There is no difference
45
Most undergraduate degrees require you take foundation classes in...
P.E.
Science & Philosophy
English & Math
Calculus & Astronomy
