Test your Financial Aid Knowledge!
0 of 10 questions completed
Whether you are just now looking into Financial Aid, or you are a seasoned Pro, try out our Financial Aid Quiz to see how knowledgeable you are!
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 10 questions answered correctly
Time has elapsed
You have reached 0 of 0 points, (0)
Congrats on finishing the quiz! How did you stack up on the leader board?
If you scored a perfect 10, you are a Financial Aid SENIOR!
If you scored between 7-9, you are a Financial Aid Junior
If you scored between 4-6, you are a Financial Aid Sophomore
If you scored between 2-3, you are a Financial Aid Freshman
If you scored between 0-1, you are a Financial Aid Senior…in High School
Question 1 of 10
What is Financial Aid?
Question 2 of 10
Which of the following would make you ineligible for Financial Aid?
Question 3 of 10
The aggregate loan limit (Max you can borrow) for all Dependent undergraduate students is?Correct
Correct answer is $31,000—No more than $23,000 of this amount may be in subsidized loans.
To get up to date, please visit http://studentaid.ed.gov/types/loans/subsidized-unsubsidized
Question 4 of 10
According to the Department of Education, what constitutes an Academic Year as it relates to your FAFSA?
Question 5 of 10
What does “EFC” stand for?Correct
Estimated Family Contribution (EFC) is a very important number, to learn more and to see samples of how EFC can affect you please read this articleIncorrect
Estimated Family Contribution (EFC) is a very important number, to learn more and to see samples of how EFC can affect you please read this article
Question 6 of 10
Direct Subsidized Loans are backed by the government for educational related expenses whose interest is paid by the U.S. Department of Education (DOE) while a student is enrolled at least half-time in school.
Question 7 of 10
Question 8 of 10
By law, all schools utilizing Financial Aid are required to send you a Financial Aid Award letter?
Question 9 of 10
The aggregate loan limit (Max you can borrow) for all Independent undergraduate students is?Correct
The correct answer is $57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.
For more details, please visit http://studentaid.ed.gov/types/loans/subsidized-unsubsidized
Question 10 of 10
The PELL grant is based on which of the following?