College Map Financial Aid

Which of the following is NOT a type of Loan that could be offered in the Financial Aid package?

A. Direct Subsidized Loans

B. Perkins

C. Direct PLUS Loans

D. Pell Loan

True or False – Grants have to be paid back after graduation?

True

False

What is the name of the form you have to fill out to apply for college financial aid from the federal government?

A. Government College Aid Form (GCAF)

B. Free Application for Federal Student Aid (FAFSA)

C. Federal Student Loan Application (FSLA)

D. United States Aid Form (USAF)

How often should you apply for financial aid?

A. Every term

B. Annually

C. Every other year

D. When I run out of money

The major differences between federal and private loans are:

Source of loans

Repayment terms

Interest rates

All of the above

What is the name of the document you get after you file the FAFSA that estimates your eligibility for different types of aid?

A. FSA ID

B. ISIR (Institutional Student Information Report)

C. PIN

D. Student Aid Report (SAR)

What does EFC stand for?

A. Estimated Financial Contribution

B. Expedited Free Choice

C. Expected Family Contribution

D. Equal Fiscal Calculation

What form is required by some schools in addition to the FAFSA?

A. CSS Profile

B. Financial Aid checklist

C. Scholarship eligibility form

D. None of the above

In a financial aid package, what component does not go directly towards a student's tutition bill?

A. Grants

B. Scholarships

C. Work-study

D. Loans

What is the maximum amount that students can received in Federal Stafford Loans their freshman year?

A. $3,500

B. $5,500 ($3,500 subsidized, $2,000 unsubsidized)

C. $4,000

D. $9,500 ($3,500 subsidized, $4,000 unsubsidized)

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