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College and Career Prep Financial Aid Quiz Flashcards | StudBud

Explore/College and Career Prep Financial Aid Quiz

A Student Loan

Scholarships for college

College and Career Prep Financial Aid Quiz

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Questions 8

Answers

1
Scholarships for college
are merit based
are need based
are easy to get
2
A Student Loan
is free money
is based on merit
needs to be repaid
3
What does EFC stand for?
Earn Family Cost
Elgible Financial Care
Expected Family Contribution
Early Financial Choice
4
What is the first step in applying for financial aid?
filling out the FAFSA
Enrolling in your first semester of college
Getting a letter of recommendation from your counselor
contacting your financial aid officer at your college
5
When is the FAFSA available for the upcoming school year?
October
December
November
January
6
A grant is
based only on merit
free money that does not have to be repaid
the name for the fee to complete the FAFSA
7
With Student Loans the rule of thumb is
Borrow enough to cover fun trips and cool games
Borrow only enough to cover what you need for school
Borrow enough to cover a new car
Borrow only enough to cover what you need and a year's worth of pizza
8
Work-study is
a job on campus that is only in the cafeteria
a job on campus you are paid cash for
a job on campus you do to take money off your tuition
a job on campus you get to meet new friends