Quiz

   
  Do you know all the types of Financial Aid available to students? You have probably heard of student loans; however that is just one option students may choose to pay for college. Test your knowledge of financial aid by choosing which one of the following is not a type of financial aid:  
  1 Loans  
  2 Grants  
  3 Scholarships  
  4 Savings Accounts  
   
  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?  
   
  Do you feel like you are the only student having trouble paying for college? Feel like you are admitting defeat by applying for financial aid? Well, more students may be receiving tuition assistance than you think. What percentage of students would you guess are receiving some type of financial aid?  
  1 10% seems about right. I am sure most parents are much more prepared than mine and started saving 18 years ago.  
  2 20% and that is my final answer because most college students either have rich parents or are working their way through.  
  3 30%, because those are either the super smart students on academic scholarships or the sports all-stars on athletic scholarships.  
  4 Definitely over 50%. How else would one pay for college?  
   
  Many students have jobs in college. Working helps you earn money and can give you great experience. If you are interested in working as a student, then check out the jobs open to students at your campus. You can work and attend classes all in the same place. Student jobs are available in many different career fields, so you can also get experience towards your degree. What kind of student job is considered financial aid?  
  1 When you sign up for a work study program.  
  2 When you work in exchange for room and board or free tuition.  
  3 When you employer awards you with a scholarship or grant.  
  4 None, student jobs are not considered financial aid.  
   
  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.  
     
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