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Financial Aid Terminology Flashcards | StudBud
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Financial Aid Terminology
Financial Aid Terminology
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Questions
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Answers
1
What is NOT included when we say "cost of attenandance"?
Room
Tuition
Daily Expenses
Board
2
Full Tuition Scholarships are financial awards that cover all costs of university including room and board.
False
True
3
When a University post it's tution, it includes all college related fees?
False
True
4
What are good examples of Community Service or Leadership activities that universities consider for scholarship?
Receiving Tutoring after School
Student Government
CAS
Sports
5
Award based on demonstrated need and are given through the federal government and educational institutions.
Bursaries
Loan
Merit-based Scholarship
Grant
6
What does EFC stand for?
Expendature for Future Contribution
Expected Family Contribution
Early Funds & Cost
Expected Future Costs
7
What is NOT included in a financial aid package?
Grants
Internships
Loans
Fellowships/Bursaries
8
The name for a job on campus which allows a student to pay for the school's tuition.
Internship
Work Study
Side Hustle
Waiver
9
I can email the college admissions rep to request or negotiate Finacial Aid
True
False
10
"Need Aware" means that a univerisity will reject an appliant if they cannot provide the demonstrated financial need
True
False
11
What can I do to increase the likelyhood of receiving merit based financial aid?
Drop all activities to focus on academics
Lie about my grades on my admissions essay
Join Extracurriculars
Apply to universities with lower academic requirements
