Practice Test Geeks(ADAP) Alternative Dental Assisting Program Practice Test
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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

  1. Which federal law governs the privacy of a student's financial aid records?

    Answer: FERPA

    FERPA (Family Educational Rights and Privacy Act) protects the privacy of student education records, including financial aid information.

  2. What is the primary purpose of an entrance counseling session required before receiving a federal student loan?

    Answer: To ensure borrowers understand their loan obligations and repayment responsibilities

    Entrance counseling educates first-time borrowers about their rights, responsibilities, and the terms of their federal student loans.

  3. Which agency accredits dental assisting programs, which can affect federal financial aid eligibility?

    Answer: ADA Commission on Dental Accreditation (CODA)

    CODA accreditation is the recognized standard for dental assisting programs; attendance at CODA-accredited programs typically allows students to access federal aid.

  4. What does the term 'net price' mean in the context of college costs?

    Answer: The amount a student actually pays after subtracting grants and scholarships from total cost

    Net price is the actual out-of-pocket cost after all gift aid (grants and scholarships) is subtracted from the Cost of Attendance.

  5. What is a Master Promissory Note (MPN) in the federal student loan process?

    Answer: A legal document in which a borrower promises to repay the loan and agrees to its terms

    The MPN is a binding legal agreement that outlines the terms of a federal student loan and must be signed before funds are disbursed.

  6. Which of the following is NOT typically covered by financial aid funds?

    Answer: Personal entertainment and vacation expenses

    Financial aid is intended for educational and living expenses directly related to enrollment, not for personal entertainment or vacations.

  7. A student loses financial aid eligibility due to failing to meet SAP. What is the most common way to regain eligibility?

    Answer: Submit a financial aid appeal with documented extenuating circumstances and an academic plan

    Most schools allow students to appeal a SAP determination by documenting extenuating circumstances and committing to an academic improvement plan.