Apex Learning Quiz Review 4.1.4 Career and College Prep

What is the total amount of money students can borrow under the Perkins Loan?

$27,500

The maximum amount of Direct Stafford Loan money a student can obtain is _____.

$31,000

How do students apply for a Direct Stafford Loan?

By completing the FAFSA

Need-based aid is determined by the _____.

FAFSA

The students with the most exceptional financial need are eligible for the _____.

FSEOG

Which of the following is a tool that allows students to search for scholarships based on their year in school, interests, chosen major, and region?

FastWeb

In the _____ Work-Study Program, college students who have financial needs can work part-time jobs to help pay for education expenses.

Federal

The grant that is considered the foundation of financial aid is the:

Federal Pell Grant

What is the least amount of money a student should receive when doing work study?

Federal minimum wage

When do students have to begin paying back the Perkins Loan?

Nine months after they leave school

The grant available to third- or fourth-year college students majoring in physical, life, or computer sciences is the _____.

SMART Grant

Arguably the "best scholarship search engine" is _____.

ScholarshipExperts.com

Which of the following websites has a search tool with over 2.7 million scholarships listed?

Scholarships.com

Which of the following is offered by companies, organizations, and agencies to ensure a good range of potential employees?

Subject-specific grants

Which of the following has a 5% interest rate for undergraduates with exceptional financial need?

The Federal Perkins Loan

Typically, most merit-based aid scholarships are offered to students based on _____.

academic achievement

Two areas that have a high need for minority students and thus offer many grant opportunities are nursing and _____.

education

All of the following are sources of grant funding:

federal and state governments, colleges and universities, public and private organization.

All of the following types of students have specific grant opportunities based on personal traits:

female students, disabled students, American Indian students.

A student who will be the first in his or her family to attend college is called a _____ student.

first-generation

Student grants that are based on one's personal background are known as _____ grants.

student-specific

All of the following are good choices to search for potential scholarships:

your state's Department of Higher Education religious organizations. colleges that you are interested in.

All students who have taken out a Stafford Loan have a _____ grace period to begin repayment after they graduate, leave school, or drop below half-time enrollment.

six-month

The best place to begin looking for scholarships is _____.

locally

Financial aid that is awarded based on a student's academic, artistic, athletic, or other exceptional ability is called _____ aid.

merit-based

When students receive money to play a particular sport at a college or university, it is an example of _____ aid.

merit-based

Financial aid that is given based on a family's financial background is called _____ aid.

need-based

Students who come from low-income families should first look at _____ to help offset costs of attendance at any college or university.

need-based aid

Most work-study jobs are typically located:

on the campus of the college the student attends.

All of the following should be taken into consideration when researching scholarships:

personal interests, talents, academic and career plans.