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Financial Aid Fun! Flashcards | StudBud

Explore/Financial Aid Fun!

Financial Aid Fun!

6 terms·StudBud Administration

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Questions 6

Answers

1
What is the FAFSA?
It's the Financial Aid For Student..Aid?
It's the French Ambassador to Free Sudanese Army
It's the Free Application for Federal Student Aid, of course!
It's the government agency that oversees student loans
2
When talking about the cost of attendance at a college, what is the net price?
It's just the cost of tuition
It's the cost of tuition minus financial aid and loans
The full, advertised cost of attendance, aka the 'sticker price'
It's the actual price you will pay, factoring in grants and scholarships.
3
Which type of financial aid needs to be paid back?
Grants
Loans
Work Study
Scholarships
4
I got an email offer for access to great scholarships, but first I have to pay. Is it worth it?
No way! You should never have to pay for access to scholarships.
Sure, as long as you can afford it.
It might be, depending on what type of scholarships they have.
Maybe, as long as it seems like a legit company.
5
On the FAFSA, expected family contribution (EFC) is ...
The amount that you know your family can contribute to your college costs
A number used to rate your eligibility for college admissions
The amount that your family will have to pay in order to get scholarship $
A number used to determine how much financial aid you'll be eligible for
6
The two types of financial aid are 'need-based' and 'merit-based' aid
False
True