Podcast
Questions and Answers
Which of the following options does NOT need to be repaid?
Which of the following options does NOT need to be repaid?
- Work-study programs
- Grants
- Student loans
- Scholarships (correct)
Which type of financial aid is typically need-based?
Which type of financial aid is typically need-based?
- Work-study programs
- Scholarships
- Grants (correct)
- Student loans
Which type of student loan usually has lower interest rates and more flexible repayment plans?
Which type of student loan usually has lower interest rates and more flexible repayment plans?
- Private student loans
- Both federal and private student loans
- Federal student loans (correct)
- Neither federal nor private student loans
What is the significance of FAFSA?
What is the significance of FAFSA?
Which source can scholarships be obtained from?
Which source can scholarships be obtained from?
Which of the following is a tax-advantaged savings plan designed to encourage saving for future education expenses?
Which of the following is a tax-advantaged savings plan designed to encourage saving for future education expenses?
Which form must students complete to determine their eligibility for federal financial aid programs?
Which form must students complete to determine their eligibility for federal financial aid programs?
What type of financial aid requires repayment with interest after graduation?
What type of financial aid requires repayment with interest after graduation?
Which funding option allows students to earn money to help cover their educational expenses?
Which funding option allows students to earn money to help cover their educational expenses?
Why is it important to fill out the FAFSA form?
Why is it important to fill out the FAFSA form?
True or false: Work-study programs offer part-time employment opportunities to students, allowing them to earn money to help cover their educational expenses.
True or false: Work-study programs offer part-time employment opportunities to students, allowing them to earn money to help cover their educational expenses.
True or false: 529 plans are sponsored by states, state agencies, or educational institutions and allow contributions made to the plan to grow tax-free.
True or false: 529 plans are sponsored by states, state agencies, or educational institutions and allow contributions made to the plan to grow tax-free.
True or false: Filling out the FAFSA form opens up various financial aid opportunities and maximizes the chances of receiving assistance.
True or false: Filling out the FAFSA form opens up various financial aid opportunities and maximizes the chances of receiving assistance.
Match the following financial aid options with their descriptions:
Match the following financial aid options with their descriptions:
Match the following terms with their importance in the financial aid process:
Match the following terms with their importance in the financial aid process:
Match the following types of financial aid with their characteristics:
Match the following types of financial aid with their characteristics:
