Award Letters - Test Your Knowledge!

Question 1

EFC stands for expected family contribution and is found in your Student Aid Report?

Accepted Answer

True

Question 2

An award letter "notice" can also be referred as:

Accepted Answer

All of the above

Question 3

In order to receive an award letter, you first have to complete your FAFSA or RISE application.

Accepted Answer

True

Question 4

The following are ways to pay for college:

Accepted Answer

All of the above

Question 5

I know how to upload my award letters onto my Senior Folder.

Accepted Answer

Yes, my Senior Folder is up-to-date

Question 6

How do you find your award letter?

Accepted Answer

Setting up college/university student portal

Question 7

As of this year, completing your FAFSA is a graduation requirement.

Accepted Answer

True

Question 8

Starting with the Class of ____, completing the FAFSA is a new graduation requirement.

Accepted Answer

2021

Question 9

Solve this formula: _____ - _____ = financial need.

Accepted Answer

Cost of attendance and Expected Family Contribution

Question 10

I will be attending "Show Me the Money" Event on Thursday to learn how to negotiate my award letter.

Accepted Answer

Sounds cool, count me in!!, Yes, I'm excited!

Question 11

Cost of attendance includes which of the following:

Accepted Answer

All of the above

Question 12

____ are items billed to you, ____ are items not billed to you but are estimated costs.

Accepted Answer

Direct costs and indirect costs, Tuition & fees and personal expenses

Question 13

Taking out a loan will not help you make college affordable. It also negatively impacts your credit history.

Accepted Answer

False

Questions 13