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Do I Qualify for Scholarships or Financial Aid?

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is EFC?

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1. What is COA?

2. What type of aid is considered merit-based?

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About This Quiz & Worksheet

When discussing scholarships and financial aid, many confusing terms and acronyms are used. This quiz/worksheet combo will help to assess your understanding of the terms, as well as the different types of aid available to students.

Quiz & Worksheet Goals

In this assessment, you'll be tested on the meaning and/or application of:

  • Unsubsidized loans
  • EFC
  • COA
  • Scholarships
  • Determining a student's financial need

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related scholarships and financial aid lesson
  • Defining key concepts - ensure that you can accurately define acronyms, such as COA and EFC
  • Information recall- access the knowledge you've gained regarding qualifying for financial aid and scholarships

Additional Learning

To learn more about ways to fund education, review the accompanying lesson on Qualifying for Scholarships or Financial Aid. This lesson covers the following objectives:

  • Defines financial aid
  • Differentiates between different kinds of financial aid, including merit-based, needs-based, and non-needs-based
  • Explains financial aid acronyms like COA and EFC
  • Defines grants
  • Defines work-study
  • Describes and compares subsidized and unsubsidized loans and identifies examples
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