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Know Your Financial Aid

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 ? .

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Know Your Financial Aid

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  1. Know Your Financial Aid

  2. 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

  3. What is January 1st? On this date, high school seniors may begin submitting their FAFSA application. Federal Aid - 100

  4. What is 3.0? The minimum A-G GPA to be eligible to apply for Cal Grant A. California Aid - 100

  5. What are unsubsidized loans? The type of loan where you, the borrower, is responsible for paying the interest that accrues on the loan once it is disbursed. Borrowing - 100

  6. What is COA or Cost Of Attendance? 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. Terms - 100

  7. What is the FAFSA? To be eligible to receive federal and state aid, you must submit this application annually. Cash Money - 100

  8. What is work-study? Through this program, an amount of money is set aside which students must earn through employment. Federal Aid - 200

  9. What is March 2nd? The deadline date to submit the Cal Grant GPA Verification form for students who will be heading directly to a 4-year college. California Aid - 200

  10. What are subsidized loans? The type of loan where the federal government pays the interest that accrues on your loan while you are enrolled at least half-time. Borrowing - 200

  11. What is EFC or Expected Family Contribution? 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. Terms - 200

  12. What is tuition? The cost of your college classes. Cash Money - 200

  13. What is their PIN? The 4-digit number that students need to sign their electronic FAFSA application. Federal Aid - 300

  14. What is the GPA Verification Form? To apply for the Cal Grant, you will also need to submit this document (in addition to the FAFSA). California Aid - 300

  15. What is the Perkins Loan? This loan has an interest rate of 5% and a 9-month grace period. Borrowing - 300

  16. What is the SAR or Student Aid Report? Report that summarizes the information included in the FAFSA. Terms - 300

  17. What are scholarships? This type of financial aid is available from a range of sources (e.g., public and private, colleges, foundations, businesses, community organizations, individuals, etc.). Cash Money - 300

  18. What is their Social Security Number? Only students who possess this federally issued number are eligible to apply for both federal and state aid. Federal Aid - 400

  19. What is the Dream Act Application? Eligible undocumented students must submit the GPA Verification form and this other form to apply for a Cal Grant and other state aid. California Aid - 400

  20. What is deferment? The option of delaying payment on a student loan for students who are continuing on to graduate or professional school. Borrowing - 400

  21. What is the Free Application for Federal Student Aid? 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.) DAILY DOUBLE - Terms – 400 x 2

  22. What are grants, scholarships, loans, and work-study? DAILY DOUBLE The four types of financial aid. DAILY DOUBLE - Cash Money – 400 x 2

  23. What is the Pell Grant? This program awards eligible students up to $5,550 in free money. Federal Aid - 500

  24. What is Cal Grant B? 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. California Aid - 500

  25. What is the Parent Loan for Undergraduate Students? PLUS is an acronym that stands for this program. Borrowing - 500

  26. What is CSAC or California Student Aid Commission? The state agency responsible for administering state aid programs, such as Chafee and Cal Grant. Terms - 500

  27. What are books, supplies, personal expenses, and transportation? Name two types of variable college expenses. Cash Money - 500

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