Myth Busters

   
  You have heard the slogan around campus “get out of line and go online”, but which of the following things CAN you complete on the web?  
  1 Check your financial aid award status  
  2 Fill out the FAFSA  
  3 Check the balance and make payments on student loans.  
  4 All of the above.  
   
  Do you know all the types of Financial Aid available to students? You have probably heard of student loans; however that is just one option students may choose to pay for college. Test your knowledge of financial aid by choosing which one of the following is not a type of financial aid:  
  1 Loans  
  2 Grants  
  3 Scholarships  
  4 Savings Accounts  
   
  Need some help paying for college? The average cost for in-state tuition and fees for a full-time student are about $3477 per year at the University of Alaska. Receiving financial aid can help alleviate some of the burden of paying this all yourself. Last year the average student received $______ in financial aid.  
  1 I have heard that financial aid does not even cover fees, so I am going to guess $500.  
  2 I am sure the average student can pay for at least tuition and fees, plus have some money left over for books and supplies--$5000 should cover it.  
  3 I have heard that students can pretty much take out as much money as they want and then just pay it all off when they graduate, so the number has got to be pretty high, say $10,000.  
  4 None of the above. The average student does not receive financial aid.  
   
  Grants and scholarships are a great way to pay for college because the money does not have to be paid back. It is a good idea to apply for grants and scholarships and exhaust any “FREE” money opportunities you have before you decide to take out money that does require repayment, such as a student loan. Many different organizations offer grants to students, such as  
  1 Businesses and community organizations  
  2 State and federal governments  
  3 Civic groups  
  4 All of the above  
   
  By now you have probably heard the word FAFSA a hundred times. FAFSA stands for Free Application for Federal Student Aid. You know that in order to qualify for financial aid you have to fill it out, but do you know how easy it really is? Once you have your paperwork handy, how long do you plan on spending filling out the FAFSA?  
  1 A week for sure. I saw the application and it looks intimidating!  
  2 Maybe if I had some help I could finish it in a day or two.  
  3 You mean I actually have to read the form?  
  4 Less than thirty minutes…I am going for a world record!  
     
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