Financial Aid Application Process

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  1. 2. Through the FAFSA ____ Initiative, ISAC works with school districts across the state to help identify which of their students have completed the FAFSA
  2. 6. Scholarships that are awarded based on a particular skill or attribute are described as ____ based
  3. 7. ISIR: Institutional Student Information ____
  4. 13. Used to sign legally binding documents electronically
  5. 15. ISAC’s annual Financial Aid ____ program is part of the National Training for Counselors and Mentors (NT4CM), which is a free train-the-trainer program to support counselors and mentors who assist students and their families in preparing financially for college
  6. 16. Eligibility for ____ loans is not based on the borrower's financial need, and the borrower is responsible for the interest from the date the funds are disbursed
  7. 17. Number of months for which an independent student must have physically resided in Illinois (with Illinois being his/her true, fixed, and permanent home) in order to be considered an Illinois resident for the purposes of ISAC-administered gift assistance
  8. 18. Acronym for federal aid application
  9. 20. Pay It ____: Model of college financing (not yet in use in the United States on any large scale) where the state or the college initially cover all or a portion of the student’s education costs, and the student pledges to pay a percentage of his or her income for a number of years after leaving school
  10. 22. The process college financial aid administrators use to confirm that data reported on the FAFSA is accurate
  11. 26. Major federal grant program, with a current annual maximum award of $5,730
  12. 27. Acronym for ISAC-administered teacher education program through which 250 awards are given per year
  13. 29. The new federal aid application becomes available on the first day of this month each year
  14. 30. Assistance that does not typically have to be repaid: ____ Aid
  15. 31. ISAC's group of recent college graduates who are trained to serve as near peer mentors to high school students, helping students and their families navigate the financial aid process
  16. 33. Federal Work-____ provides jobs for undergraduate and graduate students with financial need who are attending eligible postsecondary school
Down
  1. 1. Before receiving the first disbursement of a Federal Stafford or Federal Perkins Loan, borrowers must complete ____ counseling
  2. 2. The addition of unpaid interest to the principal balance of a loan
  3. 3. COA minus EFC equals …
  4. 4. A student who does not meet at least one of the independent student criteria for any given academic year is considered ____
  5. 5. ____ Application for Federal Student Aid
  6. 8. An estimate of what expenses are usually incurred by students enrolled at a particular college: ____ of Attendance
  7. 9. Payment of state or federal student aid funds to the student by the school
  8. 10. An estimate of the amount of money the applicant (and applicant's parents, if dependent or spouse, if independent) must pay toward college expenses: Expected Family ____
  9. 11. IRS Data ____ tool allows applicants to view and/or securely transfer information directly from the IRS database into FAFSA on the Web
  10. 12. U.S. Secretary of Education
  11. 14. The Federal School Code List contains the unique ____-digit codes assigned by the U.S. Department of Education for schools participating in the Title IV federal student aid programs
  12. 19. Smartphone app designed by ISAC that provides reminders/info regarding FAFSA completion and ISACorps events: B4College ____
  13. 21. Golden ____
  14. 23. ISAC's free, one-day workshop that is designed to introduce new financial aid professionals to financial aid concepts, processes and programs, and help them develop a solid foundation on which to build their careers: ____ Aid 101
  15. 24. Applicants receive this after completing the federal aid application: Student ____ Report
  16. 25. Acronym for the U.S. Department of Education website that consolidates guidance, resources, and information related to the administration and processing of Title IV federal student aid into one online site for use by the entire financial aid community (this is where you can find Dear Colleague Letters and ED electronic announcements)
  17. 27. Work and loans are examples: ____ Help
  18. 28. Families should avoid these when seeking financial assistance
  19. 32. HELP Program: Higher Education License ____ Program (2 words)