If denied aid due to failure to meet Satisfactory Academic Progress after the warning semester may appeal to who?

SAP Appeals Committee of the Financial Aid Office

How do you acquire a copy of an IRS Tax Transcript?

Internal Revenue Service Office (IRS)

When are you required to begin paying back your student loans?

6 months after you stop attending school

How often do you need to apply for financial aid?

Once a year – for every year you will be in college

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Unit 2 Exam Review

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Questions 11

Answers

1
What is the maximum number of loans you could potentially receive from the federal government each year?
1
4
3
2
2
1.When you are on academic probation you will lose your financial aid.
False
True
3
If denied aid due to failure to meet Satisfactory Academic Progress after the warning semester may appeal to who?
Advisor at the Academic Advising Center
SAP Appeals Committee of the Financial Aid Office
Office of the Dean
Admissions Office
4
Who should you contact at your college campus if you have questions regarding financial aid?
The financial aid office
Your mother
Mrs. Pena
Your admission recruiter
5
How many hours should you be enrolled in to be considered full-time?
9 hours
6 hours
12 hours
10 hours
6
1.What are the different types of financial aid you could be awarded through the government?
Grants and work-study
Loans, grants and scholarships
Loans and grants
Loans, grants and work-study
7
What are some possible benefits of taking out federal student loans?
Federal loans offer lower interest rates than private loans.
All of the above
You can choose from seven federal student loan repayment plans.
You can postpone federal loan payments for up to three years.
8
How do you acquire a copy of an IRS Tax Transcript?
Tax Return Preparer
Internal Revenue Service Office (IRS)
IDEA Counselor
Financial Aid Office
9
What is the maximum amount you could potentially receive in government loans each year?
10,000
5,000
5,500
4,000
10
When are you required to begin paying back your student loans?
When you receive a job
3 months after you graduate from college
6 months after you stop attending school
1 year after you stop attending school
11
How often do you need to apply for financial aid?
Twice a year to cover Fall and Spring semester
Once, during your senior year of high school only
Once a year – for every year you will be in college
Three times a year to cover fall, spring and summer

Unit 2 Exam Review Flashcards | StudBud