Happy Presidents Day! We’re thankful for so many of our nation’s leaders who have made it a priority to see that any student can attain higher education as a part of their pathway to success. Try this fun quiz to see how much you know about the history of U.S. Presidents and the Free Application for Federal Student Aid (FAFSA).
1. Who signed the Higher Education Act of 1965, which authorized most of the federal student financial aid programs?
a. John F. Kennedy
b. Richard Nixon
c. Lyndon B. Johnson
d. Abraham Lincoln
2. Who was president when the first Financial Aid Form (FAF) was
introduced in 1976?
a. Gerald Ford
b. Dwight D. Eisenhower
c. Franklin D. Roosevelt
d. Ronald Reagan
3. Which president was in office when the Higher Education Amendments of 1992 added the FAFSA to the financial aid process and required it to be free?
a. Barack Obama
b. Bill Clinton
c. Jimmy Carter
d. George H.W. Bush
4. FAFSA on the Web (fafsa.gov) was launched in 1997, during the presidency of:
a. George W. Bush
b. Bill Clinton
c. John Adams
d. Barack Obama
Once you’ve been accepted to a college, university or career technology center, and you’ve completed your FAFSA (Free Application for Federal Student Aid), you will receive a financial aid award letter. This letter is very important. It will notify you of the types of federal and state assistance you can receive to pay for college.
Most financial aid award letters are sent to you electronically, but a few schools may provide paper documents. Be sure you know the system your school uses so you don’t miss out on any deadlines. Award letters will state the amount of financial aid you can receive, but you will be required to accept or decline this money and notify your school by a specific date. If you miss the deadline, you may be missing out on money for college!
You don’t have to accept everything listed to you in the award letter. Research the aid programs that you’re being offered and make an educated decision. Remember: grants and scholarships are typically considered free money, work-study offers you the chance to work for your funds and student loans must be paid back in full with interest. If you have accumulated several scholarships and don’t need loan money, then don’t accept it! Loan funds that are declined will most likely still be available if you learn you need additional money later in the school year.
If you have questions about the aid you’re awarded, please contact the financial aid office at the school you plan to attend. To learn more about financial aid programs, visit UCanGo2.org or StudentAid.ed.gov.