Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the difference between sticker price and net price?
What is the difference between sticker price and net price?
- Sticker price is the actual cost after grants, scholarships, and aid are deducted, and net price is the total cost of attendance
- Sticker price is the actual cost after grants and scholarships, and net price is the cost after grants, scholarships, and aid are deducted
- Sticker price is the cost after grants and scholarships, and net price is the total cost of attendance
- Sticker price is the total cost of attendance, and net price is the actual cost after grants, scholarships, and aid are deducted (correct)
What is the purpose of the FAFSA form?
What is the purpose of the FAFSA form?
- To determine the cost of attendance
- To calculate the net price of college
- To determine a student's eligibility for financial aid to pay for college (correct)
- To apply for federal student loans
What is the difference between subsidized and unsubsidized federal loans?
What is the difference between subsidized and unsubsidized federal loans?
- Subsidized loans are for those with financial need, and the government covers the interest while you're in school. Unsubsidized loans are not available to all students regardless of need, but interest starts accruing from the time the loan is given out
- Subsidized loans are available to all students regardless of need, but interest starts accruing from the time the loan is given out. Unsubsidized loans are for those with financial need, and the government covers the interest while you're in school
- Subsidized loans are for those with financial need, and the government covers the interest while you're in school. Unsubsidized loans are available to all students regardless of need, but interest starts accruing from the time the loan is given out (correct)
- Subsidized loans are not available to all students regardless of need, but interest starts accruing from the time the loan is given out. Unsubsidized loans are for those with financial need, and the government covers the interest while you're in school
What is the order of aid acceptance, from first to last?
What is the order of aid acceptance, from first to last?
Signup and view all the answers
What is the role of the FAFSA form in relation to financial aid?
What is the role of the FAFSA form in relation to financial aid?
Signup and view all the answers
What is the difference between sticker price and net price?
What is the difference between sticker price and net price?
Signup and view all the answers
What is the role of FAFSA in the context of college financial aid?
What is the role of FAFSA in the context of college financial aid?
Signup and view all the answers
What is the main difference between subsidized and unsubsidized federal loans?
What is the main difference between subsidized and unsubsidized federal loans?
Signup and view all the answers
What does forbearance allow for in the context of student loans?
What does forbearance allow for in the context of student loans?
Signup and view all the answers
In what order is financial aid acceptance typically arranged for students?
In what order is financial aid acceptance typically arranged for students?
Signup and view all the answers
Flashcards are hidden until you start studying
