Unit 5 study guide Flashcards
1
Q
A plan that will help you manage your money
A
Budget
2
Q
The amount of money the government believes a family can pay toward tuition
A
EFC(Expected Family Contribution)
3
Q
The free application you must submit every year you are in school to be considered for financial aid
A
FAFSA(Free Application for Federal Student Aid)
4
Q
Given to students with financial need; do not need to be repaid
A
Grants
5
Q
To invite loss of privileges
A
Jeopardize
6
Q
Sponsored by the federal or state government, and through commercial lenders; must be repaid
A
loans
7
Q
awarded for academic excellence or other special talents; do not need to be repaid
A
Scholarships
8
Q
A federally-sponsored program that enables colleges to hire students for employment
A
Work-Study
