Practice Test GeeksFAFSA Practice Test
← All FAFSA Flashcard Decks

FAFSA Flashcards

7 cards from real FAFSA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 FAFSA flashcards as text

  1. Which federal grant identified through the FAFSA does NOT have to be repaid?

    Answer: Federal Pell Grant

    The Federal Pell Grant is a grant and generally does not need to be repaid.

  2. What is the main difference between a subsidized and an unsubsidized Direct Loan?

    Answer: The government pays interest on subsidized loans while in school

    For subsidized loans, the government pays the interest while the student is in school at least half-time.

  3. Eligibility for which loan type requires demonstrated financial need?

    Answer: Direct Subsidized Loan

    Direct Subsidized Loans are awarded based on demonstrated financial need.

  4. Federal Work-Study awarded via the FAFSA provides students with what?

    Answer: Part-time jobs to earn money for expenses

    Federal Work-Study provides part-time jobs so students can earn money for education expenses.

  5. Which factor is part of a school's Cost of Attendance (COA) used with the SAI to determine aid?

    Answer: Tuition, fees, and living expenses

    Cost of Attendance includes tuition, fees, room, board, and other education expenses.

  6. A negative Student Aid Index (SAI) generally indicates what?

    Answer: A higher level of financial need

    A negative SAI signals greater financial need, allowing schools to target more aid.

  7. Need-based aid is generally calculated as Cost of Attendance minus what?

    Answer: The Student Aid Index and other aid

    Financial need equals Cost of Attendance minus the SAI and any other financial assistance.