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

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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

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

no

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

no

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

changes

What are the three types of federal aid?

grants, work-study, loans

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

$12,500

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

unsubsidized or PLUS

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

Student Aid Report (SAR)

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

What is the current interest rate for a subsidized loan?

4.99%

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

no - at least half time

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

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

unsubsidized or PLUS