Question

part 4: short questions

1. why is the fafsa important?
2. how is a loan different from a scholarship?
3. name two things you must do in high school to keep the 21st century scholarship.
4. what is one good reason to start thinking about financial aid now, even as a freshman?

part: 5 vocabulary - draw a line to match
draw a line from each word on the left to the correct meaning on the right.
words meanings

1. fafsa a. money from the government or state to help pay for college (you don’t pay it back).
2. grant b. a job on campus where you work part - time to help pay for school.
3. scholarship c. the form you fill out to ask for money help for college.
4. loan d. money you borrow and have to pay back, usually with extra (interest).
5. work - study e. money given to students for grades, sports, or talents (you don’t pay it back).
6. tuition f. all types of money that help pay for college (loans, grants, scholarships, work - study).

Explanation:

1. The FAFSA (Free - Application for Federal Student Aid) is important as it determines eligibility for federal, state, and college - based financial aid such as grants, loans, and work - study programs.
2. A loan is money borrowed that must be repaid, usually with interest, while a scholarship is money given to students based on criteria like grades, sports, or talents and does not need to be repaid.
3. To keep the 21st Century Scholarship, students may need to maintain a certain GPA and stay drug - free.
4. Starting to think about financial aid as a freshman allows students to plan ahead, research options, and take steps to meet eligibility requirements.

For the vocabulary matching:

1. FAFSA - C. The form you fill out to ask for money help for college.
2. Grant - A. Money from the government or state to help pay for college (you don't pay it back).
3. Scholarship - E. Money given to students for grades, sports, or talents (you don't pay it back).
4. Loan - D. Money you borrow and have to pay back, usually with extra (interest).
5. Work - Study - B. A job on campus where you work part - time to help pay for school.
6. Tuition - F. All types of money that help pay for college (loans, grants, scholarships, work - study).

Answer:

1. The FAFSA determines eligibility for various financial aid programs.
2. A loan must be repaid with interest; a scholarship is non - repayable.
3. Maintain a certain GPA; stay drug - free.
4. Allows for early planning and meeting eligibility requirements.
5. FAFSA - C
6. Grant - A
7. Scholarship - E
8. Loan - D
9. Work - Study - B
10. Tuition - F