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Do my grades have an impact on my financial aid?
yes - must maintain satisfactory academic progress in college
Will my financial aid change each year or is it the same?
changes
How often do I need to fill out the FAFSA?
Every year
What does qualifying for work study depend on
when you apply, level of financial need, school funding level
What is the interest rate for a direct PLUS loan?
7.54%
When going for my bachelor's degree, what is the maximum amount of money I can get for an unsubsidized loan?
$12,500
Does how much money my parents make determine how much financial aid I receive?
Yes EFC
Does the amount of financial aid I receive depend on the cost of the school I choose to attend?
Yes - Cost of attendance
What is the name of the report that explains the financial aid that I could receive?
Student Aid Report (SAR)
Which types of loans do not require me to demonstrate financial need?
unsubsidized or PLUS
Does the interest rate change throughout the course of the loan term for a unsubsidized loan?
no
What is the current interest rate for a subsidized loan?
4.99%
Which type of federal loan accumulates interest while I am in college?
unsubsidized or PLUS
What are the three types of federal aid?
grants, work-study, loans
If I have my bachelor's degree, do I qualify for a Pell grant?
no
What is maximum amount I could receive for a grant if my parent died as a result of military service?
$6,501.99
What is the biggest stipulation for receiving a TEACH grant?
Must teach at least 4 years in a school that serves low-income students.
Do I have to be enrolled in college full time in order to receive federal student aid?
no - at least half time
If I plan to go to college next year, what is the first date I can submit the FAFSA?
Oct 1, 2023
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