| What is Financial Aid? | The Types of Aid | Loan Language & Types | Pop Culture | Specific Questions |
|---|---|---|---|---|
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What is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. (Hint: It's an acronym and what does it stand for?)
FAFSA
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What is a gift and they come from schools, employers, individuals, private companies,
nonprofits, communities, religious groups and professional and social organizations; you don't pay back scholarships.
A scholarship
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What is the money that you originally agreed to pay back
principal
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Who is David Dobrik
the YouTuber famous for giving away Teslas
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What is June 30th, 2021
the FAFSA deadline
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What is any grant, scholarship, loan, or paid employment offered to help a student meet his/her college expenses; usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations.
Financial Aid for Educational Expenses
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What are part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses
Work study
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What is the cost of borrowing the principal. More simply, it is the amount charged in addition to the total loan amount by a lender to a borrower for the use of the money. It is typically expressed as a percentage of a total amount borrowed and it accrues monthy.
Ex. each month you could pay an 5% interest rate of the total amount plus your loan payment
interest
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Who is Charli D'Amelio
the Tik Tok star who has a drink named after them at Dunkin
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What is the interest rate for unsubsidized and subsidized federal loans
4.29%
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https://studentaid.gov/understand-aid/types; https://www.niche.com/colleges/scholarships/ ; https://pages.collegeboard.org/scholarship-opportunities-from-collegeboard;
What are websites that have more information on aid that I can apply for?
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What is typically need-based aid. They come from the state, federal government and colleges themselves; you don't pay back grants.
A grant
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What is an unsubsidized loan
a loan in which you are required to pay the interest in all periods
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Who is Keke Palmer
The woman who said "Sorry to this man" in a viral twitter meme
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What is the CSS.
a seperate online application to determine eligibility for non-federal financial aid; it is administered by the College Board
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What is filling out the FAFSA early and accurately.
the NUMBER ONE way to make sure you are getting the maximum financial aid
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What are
- low fixed interest rates - income-driven repayment plans (for certain federal student loans) - cancellation of loans for certain types of employment - deferment (postponement) options
the qualities of federal loan programs
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What is a subsidized loan
a loan in which the Dept. of Education pays the interest on your loan during these periods:
○ while you’re in school at least half-time, ○ for the first six months after you leave school (referred to as a grace period*), and ○ during a period of deferment (a postponement of loan payments). |
What is the Crown
the Netflix show in which the main characters are replaced by different actors every two seasons to show the passage of time
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What are SSN, 2018 tax records, FSA ID, school list
what are things you need to complete FAFSA
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What are Unsubsidized & Subsidized Loans, Grants, Scholarships, Work Study, Off/On Campus Jobs, Parental/Personal Contribution
The possible components of a financial aid package
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What are
● Merit-based (meeting certain criteria such as academics and/or special talent) ● Need-based (financial need) ● Specific groups (women, ethnic background, etc.) ● Family background (certain professions, military families)
types of scholarships
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What are federal loans that graduate or professional degree students and parents
of dependent undergraduate students can use to help pay education expenses. Your Direct PLUS Loan enters repayment once your loan is fully disbursed (paid out).Direct Plus Loan
What is a Direct PLUS Loan
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What are North, Saint, Chicago and Psalm.
What are the names of Kim Kardashian and Kanye West’s kids?
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What is the maximum amount that can be awarded through a federal pell grant
$6,345
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