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Weekly Quiz 6
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Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- dependency status
- direct billable costs
- FAFSA Simplification Act
- Financial Aid Administrator (FAA)
- indirect costs
- loan forgiveness
- SAI (Student Aid Index)
Dependent students report their information and their parents' information when completing the FAFSA; independent students, which is uncommon, report only their own information
What a student pays to start college, generally including tuition, fees, and room and board
Federal law authorizing an overhaul of the process and systems used to award federal student aid starting with the 2024-25 award year
A staff member at a school who administers financial aid programs
Non-billable costs to attend college, generally including books, travel, and personal expenses
The cancellation or reduction of a loan debt under the Direct Loan, FFEL, or Perkins Loan programs for certain types of public service
Previously known as the Expected Family Contribution (EFC), SAI is a formula used to determine how much need-based financial aid a student is eligible for