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Financial Literacy Parent Conference Flashcards | StudBud

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What Benefit is there to Applying to FASFA early?

What is FAFSA used for?

Financial Literacy Parent Conference

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Questions 7

Answers

1
What is FAFSA used for?
Applying for financial aid
Choosing majors
Applying to colleges
Paying student loans
2
What Benefit is there to Applying to FASFA early?
You get more time to write essays
You may qualify for more aid
Colleges make decision
Its required to take the SAT
3
What is one way parents can plan ahead financially?
Wait until senior year to start
Ignore Deadlines
Open a 529 savings plan
Use private loans only
4
What kind of aid is based on student need?
Pell Grants
Athletic Scholarchips
Work-Study
Merit Scholarships
5
Where can you look for scholarships?
Colleges
Lacal, State, and National Sources
Only at your child's Highschool
Anywhere, but only for students with high grades
6
What’s the difference between sticker price and net price?
Net price is tuition only
Net price subtracts grants/scholarships from total cost
They're the same
Sticker price includes housing
7
When is the FASFA deadline for maximum aid in NJ?
April 15
May 1
August 1
June 20