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Financial Aid Review

Quiz by Cady Mounts

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27 questions
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  • Q1
    Unsubsidized loans are based on a student's financial need.
    False
    True
    30s
  • Q2
    The free application provided on fafsa.ed.gov that allows students in the United States to apply for loans, grants, and the work study program provided by the government
    Free Application for Federal Student Aid
    30s
  • Q3
    The government pays interest on these types of loans.
    Unsubsidized Loan
    Subsidized Loan
    30s
  • Q4
    The amount of money the government believes a family can afford to contribute to their student's college education
    Expected Family Contribution
    30s
  • Q5
    These loans are not based on a student's financial need.
    Unsubsidized Loan
    Subsidized Loan
    30s
  • Q6
    Subsidized loans and Unsubsidized Loans must be paid back upon graduation.
    False
    True
    30s
  • Q7
    A monetary award given to students based on a achieved specific skill, like academic, athletic, or artistic ability. This does not have to be paid back by the student.
    Merit Scholarship
    30s
  • Q8
    A person or company who provides a student with a loan
    Lender
    30s
  • Q9
    The letter provided by the university or college that states how much money that student has been awarded in financial aid and scholarships
    Award Letter
    30s
  • Q10
    The act of providing funds to students by the government; the government provides a certain amount of money to students through this act
    Grace Period
    Deferment
    Disbursement
    Default
    30s
  • Q11
    The amount of tuition it costs for students to attend a college or university
    Cost of Attendance
    30s
  • Q12
    Student pays interest on these loans
    Subsidized Loan
    Unsubsidized Loan
    30s
  • Q13
    This type of loan is only awarded to undergraduate students.
    Subsidized Loan
    30s
  • Q14
    A certain amount of time provided to the student to submit their loan payment without consequences
    Default
    Delinquent
    Grace Period
    Deferment
    30s
  • Q15
    The report given by the FAFSA website that shows the student their projected EFc, as well as information about teh colleges they are interested in
    Student Aid Report
    30s

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