FAFSA FAFSA 4

Question 1

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

Accepted Answer

Federal Pell Grant

Answer

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

Question 2

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

Accepted Answer

The government pays interest on subsidized loans while in school

Answer

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

Question 3

Eligibility for which loan type requires demonstrated financial need?

Accepted Answer

Direct Subsidized Loan

Answer

Direct Subsidized Loans are awarded based on demonstrated financial need.

Question 4

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

Accepted Answer

Part-time jobs to earn money for expenses

Answer

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

Question 5

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

Accepted Answer

Tuition, fees, and living expenses

Answer

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

FAFSA Practice Test