#1
Which of the following documents is typically required for a financial aid application?
Passport
Tax return
Library card
Gym membership card
#2
What does FAFSA stand for?
Federal Application for Free Student Aid
Financial Aid Free Service Application
Federal Aid Form for Student Assistance
Financial Aid for Student Aid
#3
Which of the following factors may affect eligibility for financial aid?
Academic performance
Hair color
Favorite food
Shoe size
#4
What is the deadline for submitting the FAFSA form for the upcoming academic year in the United States?
June 30
December 31
April 15
October 1
#5
What is the CSS Profile used for in the financial aid application process?
To apply for federal aid
To apply for scholarships
To apply for institutional aid
To apply for international aid
#6
Which of the following is NOT a common type of financial aid?
Grants
Loans
Scholarships
Credit cards
#7
What is the primary purpose of the CSS Profile?
To determine eligibility for federal aid
To calculate the Expected Family Contribution (EFC)
To apply for scholarships and institutional aid
To track student loan repayments
#8
What does SAR stand for in the context of financial aid?
Student Account Report
Student Aid Report
Scholarship Application Response
Student Aid Request
#9
What is the primary difference between subsidized and unsubsidized student loans?
Interest rates
Loan amount
Repayment terms
Interest accrual
#10
Which federal agency oversees the distribution of financial aid to students in the United States?
Department of Education
Department of Defense
Department of Homeland Security
Department of Agriculture
#11
What is the Expected Family Contribution (EFC) in the context of financial aid?
The maximum amount a family can contribute to their child's education
The minimum amount a family can contribute to their child's education
The average amount a family contributes to their child's education
The exact amount a family contributes to their child's education
#12
What is the primary purpose of a financial aid appeal?
To decrease financial aid
To increase financial aid
To transfer financial aid to another institution
To cancel financial aid
#13
Which of the following is an example of merit-based financial aid?
Pell Grant
Federal Work-Study
Stafford Loan
Academic Scholarship
#14
What is the primary purpose of the Federal Work-Study program?
To provide scholarships to students
To offer low-interest loans to students
To offer part-time employment to students
To provide grants to students
#15
Which of the following is a disadvantage of student loans?
Low interest rates
Deferred payment options
Potential debt accumulation
Automatic forgiveness after graduation
#16
What is the primary criterion for eligibility for need-based financial aid?
Academic achievement
Income level
Extracurricular activities
Athletic ability