Know Your Financial Aid
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Know Your Financial Aid
description
Know Your Financial Aid. Federal Aid. California Aid. Borrowing. Terms. Cash Money. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 500. 500. 500. 500. 500. What is January 1 st ? . - PowerPoint PPT Presentation
Transcript of Know Your Financial Aid
Know Your Financial Aid
Federal Aid California Aid Borrowing Terms Cash Money
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On this date, high school seniors may begin submitting their FAFSA
application.
What is January 1st?
Federal Aid - 100
The minimum A-G GPA to be eligible to apply for Cal Grant A.
What is 3.0?
California Aid - 100
The type of loan where you, the borrower, is responsible for paying
the interest that accrues on the loan once it is disbursed.
What are unsubsidized loans?
Borrowing - 100
The total budget or price tag for students to attend college, which
includes tuition and fees, room and board, allowances for books and supplies, transportation, and personal and incidental expenses.
What is COA or Cost Of Attendance?
Terms - 100
To be eligible to receive federal and state aid, you must submit
this application annually.
What is the FAFSA?
Cash Money - 100
Through this program, an amount of money is set aside which students must earn through
employment.
What is work-study?
Federal Aid - 200
The deadline date to submit the Cal Grant GPA Verification form for
students who will be heading directly to a 4-year college.
What is March 2nd?
California Aid - 200
The type of loan where the federal government pays the interest that
accrues on your loan while you are enrolled at least half-time.
What are subsidized loans?
Borrowing - 200
The amount of money that the student and his/her family is
believed to be able to pay for the student's education, as
determined the information inputted on the FAFSA.
What is EFC or Expected Family Contribution?
Terms - 200
The cost of your college classes.
What is tuition?
Cash Money - 200
The 4-digit number that students need to sign their electronic
FAFSA application.
What is their PIN?
Federal Aid - 300
To apply for the Cal Grant, you will also need to submit this
document (in addition to the FAFSA).
What is the GPA Verification Form?
California Aid - 300
This loan has an interest rate of 5% and a 9-month grace period.
What is the Perkins Loan?
Borrowing - 300
Report that summarizes the information included in the FAFSA.
What is the SAR or Student Aid Report?
Terms - 300
Cash Money - 300
This type of financial aid is available from a range of sources (e.g., public and private, colleges,
foundations, businesses, community organizations,
individuals, etc.).
What are scholarships?
Only students who possess this federally issued number are
eligible to apply for both federal and state aid.
What is their Social Security Number?
Federal Aid - 400
Eligible undocumented students must submit the GPA Verification form and this other form to apply for a Cal Grant and other state aid.
What is the Dream Act Application?
California Aid - 400
The option of delaying payment on a student loan for students
who are continuing on to graduate or professional school.
What is deferment?
Borrowing - 400
DAILY DOUBLE
Form used to apply for Pell Grants and all other need-based aid. As
the name suggests, no fee is charged to file.
(Response should not be an acronym.)
What is the Free Application for Federal Student Aid?
DAILY DOUBLE - Terms – 400 x 2
DAILY DOUBLE
The four types of financial aid.
What are grants, scholarships, loans, and work-study?
DAILY DOUBLE - Cash Money – 400 x 2
This program awards eligible students up to $5,550 in free
money.
What is the Pell Grant?
Federal Aid - 500
In addition to paying your tuition cost at a CSU or UC, this program also provides you with a stipend of $1,473 after the first year of
college.
What is Cal Grant B?
California Aid - 500
PLUS is an acronym that stands for this program.
What is the Parent Loan for Undergraduate Students?
Borrowing - 500
The state agency responsible for administering state aid programs,
such as Chafee and Cal Grant.
What is CSAC or California Student Aid Commission?
Terms - 500
Name two types of variable college expenses.
What are books, supplies, personal expenses, and transportation?
Cash Money - 500
