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Financial Aid Knowledge 1 Flashcards | StudBud
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Financial Aid Knowledge 1
Financial Aid Knowledge 1
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StudBud Administration
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General knowledge about receiving financial aid for obtaining a higher education
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
If you have a job on campus, what is that called?
A waste of time
State Grant
Work Study
My mom made me
2
True or false: You shouldn't have to pay money to get money.
True
False
3
True or False: My education will be a good investment.
False
True
Maybe...
4
I should keep my college borrowing less than......
$100,000
What I expect to earn my first year in the workforce
The price of the house I want to get
The price of the car I want to get
5
What is financial aid called that you receive for school but don't have to pay back?
A Blessing
Work Study
Loans
Gift Aid (grants and scholarships)
6
When is the State Grant deadline?
The first day of class
May 1 of your senior year in HS
September 1
Whenever you get it in
7
What is the financial aid application called (that everyone should complete)?
FISAP
Money Form
FAFSA
Financial Aid Profile
8
How much is the monthly payment for 10 years on $30,000 at 4.29% interest?
$150
$50
$600
$308
9
Is it possible to figure out ahead of time what a particular college may cost?
Yes. You can use a school's Net Price Calculator (NPC).
Yes. You can use the Financial Aid Eastimator (FAE).
No
All schools cost the same.
10
How much does the average 4-year college student borrow?
$2,000
$30,000
$100,000
$15,000
11
What is the average # of scholarships for which senior high school students apply?
0
10
2
1
