Financial Aid Quiz

Question 1

The number one and number two most expensive thing am average person spends most of their money on

Answer 1

1) A house

2) A degree

Question 2

4 characteristics of those who attended college in the 1930s

Answer 2

1) Male
2) White
3) Wealthy
4) Age between 18-22

Question 3

Financial Aid

Answer 3

• A paid employment offered to a student to help with their expenses

Question 4

WWII

Answer 4

• Created the G.I Bill which provides many benefits for those who made it back from the war (e.g. buying a home, covering college expenses, health insurance, etc.)

Question 5

Sputnik

Answer 5

• It was the first object/satellite ever in space sent by the Soviet Union and was the reason why Financial Aid was created

Question 6

Cost Of Attendance

Answer 6

1) Tuition/Fees
2) Room and Board
3) Books and Supplies
4) Transportation
5) Misc./Personal

Question 7

Scholarship

Answer 7

• Private money based on discriminatory rules/standards

Question 8

Grants

Answer 8

• Free money based on financial status/low income

Question 9

Free Application of Federal Student Aid

F.A.F.S.A

Answer 9

1) Determines EFC (Expected Family Contribution)

2) Determines eligibility for Federal Financial Aid programs

Question 10

What are some Federal Financial Aid Programs ?

Answer 10

1) Grants
2) Work-Study
3) Loans

Question 11

Cal-Grant

Answer 11

•Free money from the state

• Must be California Resident
• Must attend a California School

Question 12

Cal-Grant “Requirements”

Answer 12

1) Low Income (increases your chances)
2) High G.P.A (also increases your chances)
3) Low Family Education History (the lower their education, the higher the chance you will receive money)

Question 13

What does Cal-Grant cover ?

Answer 13

UC- Tuition
CSU- Tuition
Private- Roughly $10,000

Question 14

6 ways to get money

Answer 14

1) Federal
2) State
3) Grants
4) Scholarship
5) Loans
6) Institutional