Cost and Financial Aid Flashcards
7 cards from real ADAP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Cost and Financial Aid flashcards as text
When comparing program costs, which factor most directly affects the total tuition a student pays?
Answer: The number of credit hours or clock hours required for the program
Tuition is typically charged per credit or clock hour, so a longer or more intensive program will cost more overall.
What is a cohort default rate (CDR) and why does it matter for financial aid?
Answer: The rate at which borrowers default within 3 years; high CDR can cause a school to lose federal aid eligibility
Schools with excessively high CDRs may lose eligibility to participate in federal student aid programs.
Which of the following best describes a vocational rehabilitation grant available to qualifying dental assisting students?
Answer: State-funded aid for individuals with disabilities to help cover training costs
Vocational rehabilitation programs in each state can fund training costs for individuals with disabilities who need occupational training.
How does enrollment status (full-time vs. part-time) typically affect federal financial aid eligibility?
Answer: Aid amounts are often prorated or reduced for less-than-full-time enrollment
Many federal aid programs, including Pell Grants, disburse reduced amounts when a student is enrolled less than full-time.
What is the grace period on most federal student loans?
Answer: 6 months after graduating, leaving school, or dropping below half-time enrollment
Federal student loans typically provide a 6-month grace period before repayment begins after leaving school.
Which type of scholarship specifically targets students pursuing allied health or dental assisting careers?
Answer: Allied health or dental-specific professional scholarship
Allied health and dental-specific scholarships are designed to support students entering dental assisting and other clinical support careers.
A dental assisting program costs $6,200 total. A student receives a $1,800 grant and takes out a $3,000 loan. How much must the student pay out of pocket?
Answer: $1,400
$6,200 minus $1,800 grant minus $3,000 loan equals $1,400 remaining out-of-pocket.