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Transfer Financial Aid

Covers general federal financial aid concepts and transfer-specific aid applications for students transferring between institutions

13 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the Free Application for Federal Student Aid (FAFSA)?

  1. A form used to apply for federal student loans
  2. A form used to apply for federal grants
  3. A form used to apply for federal work-study
  4. A form used to apply for all of the above
Question 2 Multiple Choice (Single Answer)

What is the deadline for submitting the FAFSA?

  1. February 15
  2. March 15
  3. April 15
  4. May 15
Question 3 Multiple Choice (Single Answer)

What information is required on the FAFSA?

  1. Student's Social Security number
  2. Student's parent's Social Security numbers
  3. Student's income and assets
  4. Student's parent's income and assets
  5. All of the above
Question 4 Multiple Choice (Single Answer)

What is the Expected Family Contribution (EFC)?

  1. The amount of money the student's family is expected to contribute to the student's education
  2. The amount of money the student is expected to contribute to their own education
  3. The amount of money the government is expected to contribute to the student's education
  4. The amount of money the student's school is expected to contribute to the student's education
Question 5 Multiple Choice (Single Answer)

What is the difference between a grant and a loan?

  1. Grants do not have to be repaid, while loans do
  2. Grants are only available to students with high financial need, while loans are available to all students
  3. Grants are only available to undergraduate students, while loans are available to both undergraduate and graduate students
  4. Grants are only available to students who attend public schools, while loans are available to students who attend both public and private schools
Question 6 Multiple Choice (Single Answer)

What is work-study?

  1. A program that allows students to work part-time while attending school
  2. A program that provides students with free tutoring
  3. A program that provides students with free textbooks
  4. A program that provides students with free housing
Question 7 Multiple Choice (Single Answer)

What are the repayment options for federal student loans?

  1. Standard repayment
  2. Graduated repayment
  3. Extended repayment
  4. Income-driven repayment
  5. All of the above
Question 8 Multiple Choice (Single Answer)

What is loan forgiveness?

  1. A program that allows students to have their federal student loans forgiven after a certain number of years of public service
  2. A program that allows students to have their federal student loans forgiven after a certain number of years of military service
  3. A program that allows students to have their federal student loans forgiven after a certain number of years of teaching
  4. A program that allows students to have their federal student loans forgiven after a certain number of years of working in a low-income job
  5. All of the above
Question 9 Multiple Choice (Single Answer)

What is the Transfer Student Financial Aid Application (TSFAA)?

  1. A form used to apply for financial aid at a new school after transferring from another school
  2. A form used to apply for financial aid at a new school after graduating from high school
  3. A form used to apply for financial aid at a new school after dropping out of school
  4. A form used to apply for financial aid at a new school after being expelled from school
Question 10 Multiple Choice (Single Answer)

What information is required on the TSFAA?

  1. Student's Social Security number
  2. Student's parent's Social Security numbers
  3. Student's income and assets
  4. Student's parent's income and assets
  5. All of the above
Question 11 Multiple Choice (Single Answer)

What is the deadline for submitting the TSFAA?

  1. February 15
  2. March 15
  3. April 15
  4. May 15
Question 12 Multiple Choice (Single Answer)

What happens if a student does not submit the TSFAA by the deadline?

  1. The student will not be eligible for financial aid
  2. The student will be eligible for less financial aid
  3. The student will have to pay a late fee
  4. The student will have to submit a new TSFAA
Question 13 Multiple Choice (Single Answer)

What is the best way to learn more about transfer financial aid?

  1. Contact the financial aid office at the new school
  2. Visit the website of the new school
  3. Talk to a financial aid counselor
  4. All of the above
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