- 1. ______________ funding provided to a student to help pay for education-related expenses
A) Fee
B) Room and Board
C) Tuition
D) Financial Aid
- 2. _________ money charged for teaching and instruction provided by a school
A) Tuition
B) Fee
C) Room and Board
D) Financial Aid
- 3. ______money charged for services provided
A) Tuition
B) Financial Aid
C) Fee
D) Room and Board
- 4. ___________ term referring to the costs of housing and food
A) Financial Aid
B) Room and Board
C) Fee
D) Tuition
- 5. __________ financial aid which is a gift and does not have to be repaid; includes grants and scholarships
A) Pell Grant
B) Grant
C) Self-help Aid
D) Gift Aid
- 6. _________ financial aid for which the student must take responsibility; includes work-study and loans
A) Grant
B) Pell Grant
C) Self-help Aid
D) Gift Aid
- 7. __________ sum of money given by an organization for a particular purpose (often education)
A) Grant
B) Gift Aid
C) Self-help Aid
D) Pell Grant
- 8. ___________ federal grant awarded based on financial need; amount depends on a student’s EFC and enrollment status, as well as the cost of attendance
A) Gift Aid
B) Self-help Aid
C) Grant
D) Pell Grant
- 9. __________ sum of money intended to support a student’s education and awarded to the student based on achievement
A) Scholarship
B) Work-study Program
C) Federal Student Loan
D) Subsidized Loan
- 10. _________________ need-based financial aid program allowing students to work a part-time
campus job to help pay for college
A) Work-study Program
B) Federal Student Loan
C) Subsidized Loan
D) Scholarship
- 11. ____________________ sum of money borrowed from the federal government to pay for college;
typically have lower interest rates and more flexibility than private loans
A) Scholarship
B) Federal Student Loan
C) Subsidized Loan
D) Work-study Program
- 12. ______________ loan which does not accrue interest while in school or during the six-month
deferment period after graduation
A) Scholarship
B) Work-study Program
C) Federal Student Loan
D) Subsidized Loan
- 13. _______ loan which accrues interest from the time it is borrowed, including while the borrower is in school
A) Free Application for Federal Student Aid (FAFSA)
B) Expected Family Contribution (EFC) measure of a family’s financial
C) Subsidized Loan
D) Unsubsidized Loan
- 14. ______________ form used to apply for federally funded financial aid; also used by some states
and colleges to determine eligibility for state- and college-funded aid; includes questions concerning income, financial situation and demographic data
A) Subsidized Loan
B) Scholarship
C) Unsubsidized Loan
D) Free Application for Federal Student Aid (FAFSA)
- 15. ability used to determine eligibility for financial aid; calculated according to a formula which considers income, assets, family size and number of family members in college
A) Scholarship
B) Expected Family Contribution (EFC) measure of a family’s financial
C) Subsidized Loan
D) Free Application for Federal Student Aid (FAFSA)
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