FAFSA | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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Does the interest rate change throughout the course of the loan term for a unsubsidized loan?

no

What are the three types of federal aid?

grants, work-study, loans

Do my grades have an impact on my financial aid?

yes - must maintain satisfactory academic progress in college

What does qualifying for work study depend on

when you apply, level of financial need, school funding level

Do I have to be enrolled in college full time in order to receive federal student aid?

no - at least half time

What is the name of the report that explains the financial aid that I could receive?

Student Aid Report (SAR)

How often do I need to fill out the FAFSA?

Every year

If I plan to go to college next year, what is the first date I can submit the FAFSA?

Oct 1, 2023

When going for my bachelor's degree, what is the maximum amount of money I can get for an unsubsidized loan?

$12,500

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 interest rate for a direct PLUS loan?

7.54%

Does how much money my parents make determine how much financial aid I receive?

Yes EFC

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.

Which type of federal loan accumulates interest while I am in college?

unsubsidized or PLUS

Will my financial aid change each year or is it the same?

changes

What is the current interest rate for a subsidized loan?

4.99%

Which types of loans do not require me to demonstrate financial need?

unsubsidized or PLUS

If I have my bachelor's degree, do I qualify for a Pell grant?

no