Explanation:
The Free Application for Federal Student Aid is a form completed by current and prospective college students
in the United States to determine their eligibility for student financial aid.
Explanation:
There is no fee to file the FAFSA. As the name suggests, the Free Application for Federal Student Aid (FAFSA)
is a free application.
Explanation:
The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained
by the United States-based College Board that allows college students to apply for non-federal financial aid.
Explanation:
The main difference between private and public colleges is how they’re funded. Public universities receive
funding through their state governments, while private colleges rely on private endowments. Most public
and private colleges also have major differences in degree programs, the cost of tuition, and the size of the
student body.
Explanation:
Your Student Aid Report (SAR) is a document that gives you basic information about your eligibility for federal
financial aid. It also gives you a chance to review and correct the information listed on your FAFSA®, if you need to.
Explanation:
Work-study employment that provides a part-time job with the University
Explanation:
Any additional Stafford loans received, up to the freshman year maximum of $9,500, would be unsubsidized.
Explanation:
If the Parent is credit denied for a Parent PLUS loan, the student becomes eligible for an additional $4,000 in
unsubsidized Stafford loans as a Freshman or Sophomore, or if they are Junior or Senior status they are eligible
for an additional $5,000 in unsubsidized Stafford loans.
Explanation:
An award letter is the documentation sent from a college or university to the student that details how much
financial support the student is eligible to receive. The award letter is sent following the student's submission
of the Free Application for Federal Student Aid (FAFSA) and application to attend college or university.
Explanation:
Pell Grants The Economic Stimulus Bill increases the maximum Pell Grant to $5,350 for the 2009-2010 school year
and $5,550 for the 2010-2011 school year. The Pell Grant program is the largest source of federal aid granted to
post-high school students by the federal government.
Explanation:
Subsidized Loans are loans for undergraduate students with financial need, as determined by your cost of
attendance minus expected family contribution and other financial aid (such as grants or scholarships).
Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods.
Explanation:
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals,
organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to
repay the principal amount borrowed.
Explanation:
Your lifetime limit for the Pell Grant is 100% of your full-time award per year — over six years. However,
how much you’re eligible to receive each year depends on four factors: Expected family contribution
(EFC) School's cost of attendance (COA)
Explanation:
The Federal Work-Study program originally called the College Work-Study Program and in the United States
frequently referred to as just "Work-study", is a federally-funded program in the United States that assists
students with the costs of post-secondary education. The Federal Work-Study Program helps students earn
financial funding through a part-time employment program. Approximately 3,400 institutions participate in
the program.
Explanation:
EFC is an acronym that stands for - Expected Family Contribution. It helps to ascertain whether a student
is qualified for the different types of the federal grants that is available. FAFSA is a student report sheet
where the student enters his or her details concerning the EFC.
Explanation:
Stafford loans for undergraduate students to 6.0% (2008-09), 5.6% (2009-10), 4.5% (2010-11) and 3.4% (2011-12),
with a return Federal Stafford Loan Counseling Checklist 2 of 6 Form No GFAS 04-01 Effective Feb 2010
to 6.8% in 2012-13. These cuts are available only to undergraduate students, not graduate students, and only for
Subsidized Stafford loans, not Unsubsidized Stafford loans. Those loans remain at a fixed rate of 6.8%.
Explanation:
If the student lived with neither parent more, the parent who provided the greater amount of support to the
student is responsible for completing the FAFSA. If the parent responsible for completing the FAFSA has remarried,
the stepparent's income and asset information must also be reported on the FAFSA even if there is a prenuptial agreement.
Explanation:
You’ll need to fill out the FAFSA once per year, every year that you’re attending school and want financial aid.
Even if you don't need federal student loans or think you'll qualify for grants or scholarships, you should still fill
it out just in case you do.
Explanation:
ACCORDING TO 3 SOURCES - A Certificate of Analysis (COA) is a certified document issued by a
laboratory after testing the content and quantities of cannabinoids, terpenes, solvents, or volatile
compounds in a cannabis product. The details provided in the report have to match the specifications
on the product's label.
Explanation:
View your SAR by logging in to your FAFSA form and selecting “View or Print your Student Aid Report (SAR)”
from the “My FAFSA” page. If you provided an email address on your FAFSA form, you’ll receive an email with
a link to an online copy of your SAR from noreply@fafsa.gov.
Explanation:
After you submit your FAFSA® and your application processes, you will receive your Student Aid Report (SAR)
in about 3 to 14 days or sometimes longer. It depends on if you receive it by email, mail, or in some other form.
Please select 2 correct answers
Explanation:
The purpose of the FAFSA application is to collect confidential data like annual income that schools use to
determine financial aid eligibility
Explanation:
The Washington Application for State Financial Aid or WASFA is a free application for state
financial aid for students who are not eligible for federal aid because of immigration
status, including undocumented students.
Explanation:
File the FAFSA early because schools and states have limited amounts of student aid available, and some of it is
awarded on a first-come, first-served basis.
Explanation:
"Parent" refers to a biological or adoptive parent or a person determined by the state to be a parent (for example,
if the parent is listed on the birth certificate). Grandparents, foster parents, legal guardians, older siblings, and uncles
or aunts are not considered parents on the FAFSA unless they have legally adopted you.
