What’s your F.A.I.Q*?
SELF TEST
A true and false quiz
1. It won’t do any good to apply for financial aid since there isn’t much available due to budget cuts.
True/False
2. Aid is only available at certain colleges.
True/False
3. Financial aid can pay for room and board as well as tuition.
True/False
4. The primary source of money for my college education is my own family.
True/False
5. Colleges expect students to contribute toward their own educational expenses.
True/False
6. Financial aid is only for “poor” people.
True/False
7. Family income is the only factor considered when aid is awarded.
True/False
8. Students from families with the same amount of income will receive the same amount of aid.
True/False
9. I may be offered different amounts of financial aid by different colleges.
True/False
10. If I qualify for aid, it may cost about the same to attend a more expensive college as it would to attend a less expensive one.
True/False
11. A financial aid “package” might consist of grants, loans and a job.
True/False
12. If I’m offered aid for my freshman year, I can count on receiving the same amount every year.
True/False
13. I can use the Free Form (FAFSA) to apply for all types of federal financial aid.
True/False
14. I may have to file a supplemental financial aid form to receive other types of aid.
True/False
15. It won’t make any difference if my application for financial aid is a little late.
True/False
16. The college that offers me the most money is the best one to attend.
True/False
17. If I don’t receive any financial aid from the college I want to attend, there is no way I can afford to attend.
True/False
