Financial Aid
Definitions
FAFSA
Resources
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Category 1 questions follow
Question
What is financial aid?
Answer
Financial aid consists of the different sources of
funding to help you pay for college.
Question
What are the three main funding sources you can
use to help pay for your college education?
Answer
Institutional aid, private scholarships, and FAFSA.
Question
What are grants?
Answer
Grants are free money that does not need to be paid
back. They come from federal and state
governments, colleges, and private organizations.
Grants are awarded based on need.
Question
What is workstudy?
Answer
Workstudy provides financial assistance in the form
of part-time jobs on-campus or some off-campus
sites.
Question
What are the two types of government loans?
Answer
Subsidized and unsubsidized loans.
Category 2 questions follow
Question
Define the Room & Board Expenses
Answer
Room and board are the cost for living in the dorm
room and eating in the cafeteria.
Question
What is the Cost of Attendance?
Answer
The total cost of college including tuition and fees,
room and board, transportation, personal expenses,
and books.
Question
What are fixed expenses with Financial Aid?
Answer
Expenses that you MUST pay to be a college student
Question
What are Variable Expenses?
Answer
Expenses that you might have to pay, and the
amount will depend on your situation.
Question
What is the Financial Aid Award Package?
Answer
The total amount of financial aid awarded to you
from a specific college.
Category 3 questions follow
Question
What is the acronym of FAFSA stand for?
Answer
Free Application for Federal Student Aid.
Question
What is the correct website for FAFSA?
Answer
www.fafsa.ed.gov
Question
Who can apply for FAFSA?
Answer
Any U.S. citizen or legal resident wanting to apply for
Federal financial aid.
Some colleges may ask DACA students to complete the
FAFSA.
Question
What is the most important step in order to
complete the FAFSA?
Answer
You and your parents must file your taxes as soon as
possible.
Question
What is an EFC?
Answer
Estimated Family Contribution.
Category 4 questions follow
Question
Where is the first place you should look for
scholarships?
Answer
The scholarship and financial aid pages for the
different colleges.
Question
Name two things you can get a scholarship for
Answer
Academics, Sports, Ethnicity, First in the Family, etc
Question
What is the College Opportunity Fund?
Answer
COF is free stipend money to help you pay for
colleges in Colorado.
Question
What is the WUE?
Answer
WUE is the Western Undergraduate Exchange that is
comprised of various out of state colleges where you
can get a discounted tuition.
Question
When does the DSF scholarship application open?
Answer
The application will be live in early February.
Category 5 questions follow
Question
Who can help you with FAFSA at North?
Answer
Ms. Knoblock in the Future Center
Question
Where is the counseling office located?
Answer
B102- First floor
Question
What is the name of the Musical that will be playing
at North?
Answer
Grease
Question
You can feel me, but not see me. What am I?
Answer
The wind.
Question
You have a horse, lion, and bale of hay. There is only
one boat that you can use to get all of the items
across a large lake. How will you get all of the items
across without the horse eating the hay or the lion
eating the horse?
Answer
Take the horse first and drop it off at the other side.
Go back and get the lion. Drop the lion off at the
other side and bring the horse back. Leave the horse
and take over the bale of hay. Leave the bale of hay
with the lion and do your final trip to get the horse.