Quiz

   
  By now you have probably heard the word FAFSA a hundred times. FAFSA stands for Free Application for Federal Student Aid. You know that in order to qualify for financial aid you have to fill it out, but do you know how easy it really is? Once you have your paperwork handy, how long do you plan on spending filling out the FAFSA?  
  1 A week for sure. I saw the application and it looks intimidating!  
  2 Maybe if I had some help I could finish it in a day or two.  
  3 You mean I actually have to read the form?  
  4 Less than thirty minutes…I am going for a world record!  
   
  Are you discouraged because you think the possibility of receiving a scholarship is too slim to even waste your time applying? How much money do you think the University of Alaska gives away each year in scholarships?  
  1 Definitely over $6 million.  
  2 Definitely under $6 million.  
  3 Maybe a few hundred thousand dollars?  
  4 The University of Alaska offers scholarships?  
   
  Applying for Financial Aid is a lot easier than you would think, but you want to be sure you are on track so you do not miss out on any financial aid opportunities. Do you know which of the following are required to apply for financial aid?  
  1 Complete the FAFSA  
  2 Acceptance by a college/university  
  3 Enrollment in a degree program  
  4 All of the above  
   
  Financial Aid comes in many forms—grants, scholarships, loans, work study, and waivers—just to name a few. Although it is important to be prepared and well informed about your financial aid options, researching this all on your own can send you into a state of information overload. The university offers “Financial Aid Night” to parents and students for the purpose of _________________?  
  1 Naming financial aid recipients and distributing their award money.  
  2 Sponsoring a big financial aid party with door prizes and drawings for more money for college—must be present to win!  
  3 A financial aid workshop dedicated to help parents and students learn more about financial aid.  
  4 A convention for financial aid counselors to get together and compare notes on how to improve their university financial aid services.  
   
  Grants and scholarships are a great way to pay for college because the money does not have to be paid back. It is a good idea to apply for grants and scholarships and exhaust any “FREE” money opportunities you have before you decide to take out money that does require repayment, such as a student loan. Many different organizations offer grants to students, such as  
  1 Businesses and community organizations  
  2 State and federal governments  
  3 Civic groups  
  4 All of the above  
     
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