FAFSA FAFSA 2

Question 1

What does the acronym FAFSA stand for?

Accepted Answer

Free Application for Federal Student Aid

Answer

FAFSA stands for Free Application for Federal Student Aid.

Question 2

Which U.S. agency administers the FAFSA?

Accepted Answer

Department of Education

Answer

The U.S. Department of Education's Federal Student Aid office administers the FAFSA.

Question 3

How much does it cost to submit the FAFSA?

Accepted Answer

It is free

Answer

Submitting the FAFSA is completely free of charge.

Question 4

Which type of aid CANNOT be awarded based on the FAFSA?

Accepted Answer

Private bank personal loans

Answer

Private bank personal loans are not federal aid and are not awarded through the FAFSA.

Question 5

What replaced the Expected Family Contribution (EFC) on the FAFSA?

Accepted Answer

Student Aid Index (SAI)

Answer

The Student Aid Index (SAI) replaced the EFC starting with recent FAFSA updates.

FAFSA Practice Test