College Financial Aid Terms- Kiersten

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Across
  1. 5. in your mailbox around mid- to late April, your award letter basically outlines your financial aid package from the college(s) to which you applied. But can be misleading and not be telling the whole truth.
  2. 8. general consensus is that scholarships are primarily awarded for academic merit (good grades) or for something you have accomplished (volunteer work or a specific project); however, there are many need-based scholarships out there, as well.
  3. 9. provides funds to eligible students (see FAFSA above) for part-time employment to help finance the costs of postsecondary education.
  4. 11. This is the measure of your family's financial strength, and how much of your college costs it should plan to cover. This is calculated based on a specific formula, which considers taxed and untaxed income, assets, and benefits, as well as the size of your family and the number of family members attending college during the year. From FAFSA results.
  5. 12. Everyone needs to sleep and eat. If you plan to do it on campus, those fees are part of your total cost of attendance.
Down
  1. 1. Application for Federal Student Aid) is one of the first steps in the financial aid process, and determines the amount that you or your family will be contributing to your postsecondary education. The results of the FAFSA determine student grants, work-study, and loan amounts.
  2. 2. This is the amount of a student's total cost of attendance that isn't covered by the expected family contribution or outside grants and scholarships.
  3. 3. student aid The largest form of student aid in the country, federal aid programs come in the form of government grants, loans, and work-study assistance and are available to students at eligible postsecondary institutions
  4. 4. which can come from the state or federal government, from the college itself, or from private sources—provide money for college that doesn't have to be paid back.
  5. 6. also sometimes called "tuition assistance," is increasing in popularity. Some employers will refund you the cost of your tuition if you're studying a work-related area.
  6. 7. If scholarships and grants don't cover the entire cost of your tuition, you may have to take out a ____________ to make up the difference.
  7. 10. is the "sticker price" of your education, and does not include room and board, textbooks, or other fees.