Financial Aid Quiz

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1. True or false: Loans are considered part of your financial aid package, even though you have to pay them back:	True False
2. True or false: If I drop out, I still have to pay my student loans:	True False
3. When should high school students start applying to colleges?	A. Junior year B. Summer before senior year C. Senior year D. When you graduate
4. True or false: Students who apply early decision must have their application done prior to the beginning of the school year:	True False
5. True or false: You can apply early-decision to all of your top schools:	True False
6. How are early decision and early-action different?	A. Early decision means you decide which college to go to early, and early action means you go to that college early B. Early decision means you are bound to that school, early action means students find out earlier if they are accepted but it usually isn’t binding C. Early decision means students find out earlier if they are accepted but it usually isn’t binding, early action means you are bound to that school D. They are actually two words with the same definition
7. True or False: The FAFSA only has to be filled out once the year before a student enters college:	True False
8. What does FAFSA stand for?	A. Free Application for Funding Student Associations B. Federal Application for Finding Solar Absorbency C. Free Application for Federal Student Aid D. Federal Application for flickering Student Accounts
9. What is the FAFSA used for?	A. It is a form used for admission purposes only. B. It provides scholarships to students. C. It gives government funds to students attending postsecondary schools. D. It calculates a family’s financial need.
10. True or False: Loans and grants are forms of financial aid that have to be paid back:	True False
11. Scholarships are given to:	A. Students with a 4.0 GPA B. Everybody C. People who fit the unique criteria of each scholarship D. The Prom King
12. True or False: Students need to be strong academically to receive scholarships:	True False
13. How many scholarships can one person receive?	A. One B. Three C. Nine D. There is no limit.
14. How do students apply for an Oregon Opportunity Grant?	A. Get an application from their counselor. B. File the FAFSA C. File the OSAC Scholarship Application D. Wait until they turn 18 and then purchase an OOG lottery ticket
15. When is the OSAC Scholarship Application due?	A. March 1 B. January 1 C. February 15 D. Yesterday
16. True or False: You need to know which school you are going to in order to file the FAFSA.	True False
17. True or False: You need to know which school you will attend in order to apply for scholarships:	True False
18. You should keep a copy of all your filled-out application forms because:	A. They could get lost in the mail B. Your dog may eat your application C. You can use the records to verify that you sent everything necessary to each scholarship and school D. All of the above
19. When should students get their acceptance letters to college?	A. By mid-April B. On February 23 C. March 15 D. At the end of spring break
20. What is College Goal Oregon? (This one should be easy!)	A. The newest low-carb weight loss plan B. A statewide school assignment C. A list of goals developed by Oregon legislature D. A statewide event on January 26 where professionals will simplify the FAFSA for you and your family.
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