NEED HELP PLEASE

Challenge One - FAFSA

Using the information from the “About Us” section, answer the following questions.

What is FAFSA? Who is eligible?

What does Federal Student Aid do? Describe all six goals.

When do I complete the FAFSA form?

Define the following terms.

work study

federal student aid programs

federal student loan

On the FAFSA website, locate the information detailing “Types of Aid,” and answer the following questions.

What are the foursources of aid described on the website?

What are the three types of federal student aid?

Go to the section on state aid, and identify the state agency you can contact.

Back at the home page, find the grants and scholarships information by clicking on “What Types of Aid Can I Get?”, then answer the following questions.

What are the four types of federal grants available?

Why are grants and scholarships called "gift aid"?

Why would you have to pay a grant back?

Challenge Two - Scholarships

In one to two paragraphs: Research your college, community, and state to find various scholarships. Find three scholarships for which you qualify, then describe the requirements and provider for each. Which of these scholarships is the most probable for you to receive? Why?

Challenge Three - Loans

Create a chart comparing private and federal loans, and include the definition of each, payment plan, and benefits. Which one fits your needs most closely? Why?

Challenge Four - Work-study Programs

In one to two paragraphs, research work-study programs. Identify the qualifications, types of jobs, payment plan, and other details about this funding program.

Challenge Five - Nontraditional Funding

Make a quick list of five other ways you might pay for college that have not been discussed in this project. Research to see what is available in your area and at your chosen institution of higher learning.

Make sure you answer all parts of the challenge and use the correct website from the federal government. You may bullet or write paragraphs for answers.

FAFSA is the financial assistance given to students to help them finance their studies. This is the application by students who are in need of funds to pull them through university or college education. When a student makes the application, what they are basically saying is that they are consenting to the federal government to gain information to allow it to carry out the calculations that are needed from the expect family's net earnings. This is known as the expected family contribution (EFC). From the EFC, the government can then determine how much aid each student needs.