1. 1 200 100GeneralInfoFAFSALoansWork-Study and more Grants 300 400 500 600 700 200 100 300 400 500 600 700 200 100 300 400 500 600 700 200 100 300 400 500 600 700 200 100 300 400 500 600 700

2. 2 Name three types of financial aid? 100

3. 3 Loans, grants, and scholarships (also work-study and educational savings plans)

4. 4 200 Who should you contact to talk about your financial aid package?

5. 5 The Financial Aid Office at the school to which you applied

6. 6 What’s the difference between a loan and a grant? 300

7. 7 Loans have to be repaid. Grants are “free” money.

8. 8 TRUE or FALSE: Enrolling as a part-time student will affect your financial aid package. 400

9. 9 TRUE Your status as a full-time or part-time student determines your eligibility for aid. Generally, more aid is available for full-time students.

10. 10 Name three sources of financial aid. 500

11. 11 The federal government The state government The school you plan on attending Employers Banks Scholarship organizations Family Faith-based organizations

12. 12 What is the “net price” of a college? 600

13. 13 The amount of money a family must secure through loans, work- study, or cash deposits to attend a given school. advertised cost of school – grants, scholarships, & discounts net price

14. 14 Other than tuition, name 2 expenses associated with the cost of college. 700

15. 15 Room & Board Textbooks Transportation Meals

16. 16 TRUE or FALSE: The FAFSA is free to complete. 100

17. 17 TRUE You should not pay any fee to complete the FAFSA. It is FREE and free assistance is available.

18. 18 What is the earliest you can complete the FAFSA for the upcoming school year? 200

19. 19 January 1 st ex. For the 2012-2013 school year, you can start the FAFSA on January 1, 2012.

20. 20 What are the age requirements for the FAFSA? 300

21. 21 There are none. The FAFSA is open to students of any age.

22. 22 How often should you complete the FAFSA? 400

23. 23 Every year you plan on attending school.

24. 24 What does EFC stand for? 500

25. 25 Expected Family Contribution

26. 26 What is the best time to complete your FAFSA? 600

27. 27 The sooner, the better. You can fill it out as early as Jan. 1 st but you will need your tax information.

28. 28 What two types of assets do you NOT need to include in your FAFSA? 700

29. 29 Retirement and business assets

30. 30 TRUE or FALSE : The federal government only gives out loans to students. 100

31. 31 FALSE The Free Application for Federal Student Aid (FAFSA) can qualify BOTH students and their parents for loans to help pay for college.

32. 32 What is the name of the federal loan given to parents of college students? 200

33. 33 The PLUS loan

34. 34 What is the name of the federal loan given to most students? 300

35. 35 The Stafford loan Some students also qualify for a Perkins loan.

36. 36 What does it mean if you get a loan that is “subsidized”? 400

37. 37 The government will pay the interest on your loan while you are in school.

38. 38 When do you have to start repaying your federal loans? 500

39. 39 Six months after you have completed school or stopped enrolling.

40. 40 What is the difference between a federal loan and a private loan? 600

41. 41 Federal serviced by the gov’t 6-month grace period deferral & forgiveness options different repayment plans Private serviced by a bank may not have a grace period may not have deferral or forgiveness options may not have flexible repayment options

42. 42 Name one instance when a loan payment can be deferred? 700

43. 43 Enrollment in school Economic hardship Unemployment Military Service

44. 44 How do you qualify for work-study? 100

45. 45 Check the work-study option when you file the FAFSA. (Your FAFSA information will determine your eligibility for work- study.)

46. 46 How do I find a work-study job? 200

47. 47 The Financial Aid Office at your college can tell you where to find work-study job listings both on and off campus.

48. 48 When do I get the money I earn through work-study? 300

49. 49 Work-study money is given in the form of a paycheck. Depending on your job, you may get a weekly, bi-weekly, or monthly check.

50. 50 Is there a limit to the amount of money you can earn through a work-study job? 400

51. 51 Yes The amount of work-study money you can earn per year is determined by your FAFSA and shown on your Student Aid Report.

52. 52 TRUE or FALSE: Individual colleges offer their own grants and scholarships 500

53. 53 TRUE! Financial aid is available from colleges themselves as well as the federal and state government.

54. 54 What is the difference between financial aid given by colleges and aid given by the government? 600

55. 55 Aid from Colleges Contingent on your enrollment to that particular school May take more factors into consideration than just the FAFSA Aid from Gov’t Not linked to a particular school Determined by FAFSA/PHEAA

56. 56 How do I qualify for financial aid from individual colleges? 700

57. 57 1.Complete the FAFSA 2.Meet all school- based deadlines (which tend to be much earlier than FAFSA deadlines)

58. 58 TRUE or FALSE: Grants are “free” money and do not need to be repaid. 100

59. 59 TRUE

60. 60 What is a Pell grant? 200

61. 61 A Pell grant is a grant given by the federal government for post-secondary education.

62. 62 What factors determine if you get a grant? 300

63. 63 Financial Need (determined by your FAFSA) Timeliness (grant money is given on a “first come-first serve” basis. The earlier you complete your FAFSA, the better)

64. 64 Other than the federal government, who else gives out grants for college? 400

65. 65 The state of Pennsylvania

66. 66 How do you get a state grant? 500

67. 67 1.Complete the FAFSA. 2.Complete the state grant form. In Pennsylvania, it is called the PHEAA. (Pennsylvania Higher Education Assistance Agency)

68. 68 Do I have to be a resident of Pennsylvania to get a Pennsylvania state grant? 600

69. 69 Yes. For more details about state grant eligibility, visit www.pheaa.orgwww.pheaa.org

70. 70 Where can I find the PHEAA application? 700

71. 71 When you complete the FAFSA, there will be a link to the PHEAA application on the confirmation page. *Remember to download the signature page, sign it, and mail it in!