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Financial Aid Flashcards | StudBud

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Which loans DO NOT accrue interest while you're in school?

What is FREE money?

Financial Aid

10 terms·StudBud Administration·27 plays

Basic #financialaid terms that are important for the #college admissions process.

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Questions 10

Answers

1
What is FREE money?
Money your parents give you
Loans & grants
Grants & scholarships
Money you save
2
Which loans DO NOT accrue interest while you're in school?
Perkins & Stafford loans
Unsubsidized loans
Subsidized loans
They all accrue interest
3
What is EARNED money?
Money you save
Work study
Money you make in college
Loans & scholarships
4
What is the average financial gap for a College Possible student?
$5,000
$9,000
$4,000
$450
5
What is federal financial aid and who can get it?
Grants & loans for ANY student with financial need
Grants &loans for students who want to join the FBI
Grants & loans for students in a particular state
Grants & loans for students going to public institutions
6
Why is the cost of NOT attending college going up?
More jobs require more education
Colleges give you free stuff
The cost of college is going up
Having a college degree boosts your wage & quality of life
7
How much money should a student save if they want to earn a college degree?
At least $1
At least $100
At least $500
At least $1,000
8
What is state financial aid & who can get it?
Grants & loans for state residents
Grants & loans for winners of state competitions
Grants & loans for residents going to an in-state college
Grants & loans for students attending public universities
9
How can parents help their students earn a college degree?
Talk to their students about college & be supportive
Only wealthy parents can help their students go to college
Take out loans for their students
Start college savings accounts
10
What is BORROWED money?
Money you save
Scholarships & grants
Money you steal
Loans