If you have questions about your bill for the semester, who should you contact?

Office of Student Financial Assistance or Student Account Services

Why should you file the FAFSA as early as possible?

Aid is given out on a first-come, first-serve basis

How do scholarships and grants differ?

Grants are need-based; scholarships are merit-based

To keep federal student aid, you need to make satisfactory Academic Progress. This includes

completing at least 67% of attempted credit hours

the money you receive after taxes and deductions are paid

What is a benefit of going to college and having a college degree?

Expanded professional and social network

What do you need to file your FAFSA if you're a dependent?

Your and your contributors tax forms from 2 years prior

Which is TRUE about the FAFSA?

There is no cost to file the FAFSA

studbud

Paying for College SP24

20 termsStudBud Administration152 plays

A Quiz for #highschool students designed to check for understanding on the #payingforcollege process! Refer to ngpf.org/curriculum/paying-for-college/ for more great FREE financial education resources!

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
All of the following are costs of going to college EXCEPT...
Tuition and fees
Textbooks and school supplies
Scholarships and grants
Room and board
2
The Student Aid Index
Is calculated using your and your contributor's tax information
Is used to determine eligibility for federal financial aid
Is included in your FAFSA submission summary you receive from your school
all of the above
3
When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK?
Direct Subsidized Loan
Federal Work-Study
Federal Pell Grant
Merit Scholarship
4
If you have questions about your bill for the semester, who should you contact?
The contributors listed on your FAFSA
Office of Admissions
UCAP
Office of Student Financial Assistance or Student Account Services
5
To be considered a sophomore if you must have completed at least ... credit hours
30
40
20
50
6
Why should you file the FAFSA as early as possible?
It can help your chances of being accepted into schools
Aid is given out on a first-come, first-serve basis
You'll get a lower interest rate on federal student loans
You're guaranteed to get more merit-based scholarships
7
Gross pay is $3,350 federal tax= $250, medicare tax = $50, social security = $200, state tax = $100, insurance = $150
net pay would be $2,350
net pay would be $2,600
net pay would be $2,750
net pay would be $3,000
8
How do scholarships and grants differ?
Scholarships are need-based; grants are merit-based
Grants are need-based; scholarships are merit-based
They're not different; they are one and the same
Grants are private forms of aid; scholarships are federal
9
To keep federal student aid, you need to make satisfactory Academic Progress. This includes
maintaining a 3.0 GPA
all of the above
earning 30 credit hours each academic year
completing at least 67% of attempted credit hours
10
When do you normally have to start making payments on Federal Student loans?
6 months after you drop below half-time enrollment
6 months after you leave school
6 months after you graduate
all of the above
11
What is net income?
the money you earns from wages, salary, and bonuses
your yearly income divided by 12
the money you receive after taxes and deductions are paid
the amount spent on taxes and deductions
12
If you want to register for BIO 151 lecture
all of the above
you may be dropped if you do not earn a C- or higher in BIO 150 + lab
you will also need to register for BIO 151 lab
you will need to be taking/have taken BIO 150 + lab
13
What is a benefit of going to college and having a college degree?
0% interest rates on future loans
Guaranteed starting salary of $50,000 after graduation
Expanded professional and social network
Lower lifetime earnings
14
What do you need to file your FAFSA if you're a dependent?
Just your tax forms
A pay stub if you had a job in the past year
Your and your contributors tax forms from 2 years prior
Your high school student ID number
15
When filling out the 2024-2025 FAFSA, most students must be at least ... years old to be considered legally independent.
23
24
26
21
16
What is the current cost (2023-2024 academic year) per credit hour at NKU for KY residents?
$522
$438
$252
$375
17
Which is TRUE about the FAFSA?
Your parents must earn below a set amount for you to apply
There is no cost to file the FAFSA
You only need to file the FAFSA 1x in your college career
You need to file it at the start of every quarter/semester
18
The longer it takes you to repay a loan, the higher the total cost of borrowing will be
True
False
19
If you buy one Grand Caramel Frappuccino per week, at $4.45 per drink, you will spend ... in a 17 week semester
$ 94.20
$ 37.85
$ 75.65
$ 59.90
20
Base tuition rate for full time students will cover ... to ... credit hours
15-18
10-15
12-16
1-20

Paying for College SP24 Flashcards | StudBud

Paying for College SP24

20 termsStudBud Administration152 plays

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
All of the following are costs of going to college EXCEPT...
Tuition and fees
Textbooks and school supplies
Scholarships and grants
Room and board
2
The Student Aid Index
Is calculated using your and your contributor's tax information
Is used to determine eligibility for federal financial aid
Is included in your FAFSA submission summary you receive from your school
all of the above
3
When looking at a financial aid award letter, which type(s) of aid would you have to pay BACK?
Direct Subsidized Loan
Federal Work-Study
Federal Pell Grant
Merit Scholarship
4
If you have questions about your bill for the semester, who should you contact?
The contributors listed on your FAFSA
Office of Admissions
UCAP
Office of Student Financial Assistance or Student Account Services
5
To be considered a sophomore if you must have completed at least ... credit hours
30
40
20
50
6
Why should you file the FAFSA as early as possible?
It can help your chances of being accepted into schools
Aid is given out on a first-come, first-serve basis
You'll get a lower interest rate on federal student loans
You're guaranteed to get more merit-based scholarships
7
Gross pay is $3,350 federal tax= $250, medicare tax = $50, social security = $200, state tax = $100, insurance = $150
net pay would be $2,350
net pay would be $2,600
net pay would be $2,750
net pay would be $3,000
8
How do scholarships and grants differ?
Scholarships are need-based; grants are merit-based
Grants are need-based; scholarships are merit-based
They're not different; they are one and the same
Grants are private forms of aid; scholarships are federal
9
To keep federal student aid, you need to make satisfactory Academic Progress. This includes
maintaining a 3.0 GPA
all of the above
earning 30 credit hours each academic year
completing at least 67% of attempted credit hours
10
When do you normally have to start making payments on Federal Student loans?
6 months after you drop below half-time enrollment
6 months after you leave school
6 months after you graduate
all of the above
11
What is net income?
the money you earns from wages, salary, and bonuses
your yearly income divided by 12
the money you receive after taxes and deductions are paid
the amount spent on taxes and deductions
12
If you want to register for BIO 151 lecture
all of the above
you may be dropped if you do not earn a C- or higher in BIO 150 + lab
you will also need to register for BIO 151 lab
you will need to be taking/have taken BIO 150 + lab
13
What is a benefit of going to college and having a college degree?
0% interest rates on future loans
Guaranteed starting salary of $50,000 after graduation
Expanded professional and social network
Lower lifetime earnings
14
What do you need to file your FAFSA if you're a dependent?
Just your tax forms
A pay stub if you had a job in the past year
Your and your contributors tax forms from 2 years prior
Your high school student ID number
15
When filling out the 2024-2025 FAFSA, most students must be at least ... years old to be considered legally independent.
23
24
26
21
16
What is the current cost (2023-2024 academic year) per credit hour at NKU for KY residents?
$522
$438
$252
$375
17
Which is TRUE about the FAFSA?
Your parents must earn below a set amount for you to apply
There is no cost to file the FAFSA
You only need to file the FAFSA 1x in your college career
You need to file it at the start of every quarter/semester
18
The longer it takes you to repay a loan, the higher the total cost of borrowing will be
True
False
19
If you buy one Grand Caramel Frappuccino per week, at $4.45 per drink, you will spend ... in a 17 week semester
$ 94.20
$ 37.85
$ 75.65
$ 59.90
20
Base tuition rate for full time students will cover ... to ... credit hours
15-18
10-15
12-16
1-20