by jess.nolan
Navigating the FAFSA process can be a crucial step in securing financial aid for college. This quiz will challenge your knowledge on various aspects of FAFSA, from eligibility criteria to important deadlines. Get ready to test your understanding and boost your confidence in handling FAFSA applications!
We recommend that you do not leave the page that you are taking this quiz in. Stay honest 🙂
FAFSA Quiz Questions Overview
1. What does FAFSA stand for?
Federal Application for Student Aid
Free Application for Federal Student Aid
Financial Aid for Students and Families Application
Federal Aid for Students Application
2. When does the FAFSA application period typically open each year?
January 1st
October 1st
April 1st
July 1st
3. Which of the following is NOT required to complete the FAFSA?
Social Security Number
Driver’s License
Tax Returns
Bank Statements
4. How often must you complete the FAFSA?
Once during high school
Every semester
Annually
Only for the first year of college
5. Which of the following types of financial aid can be obtained through FAFSA?
Grants
Loans
Work-Study
All of the above
6. What is the primary purpose of the FAFSA?
To apply for college admission
To determine eligibility for federal student aid
To register for classes
To apply for scholarships
7. Which website is the official site for completing the FAFSA?
fafsa.com
studentaid.gov
fafsa.org
studentloans.gov
8. Can you complete the FAFSA if you are an undocumented student?
Yes, but only if you have a Social Security Number
No, undocumented students cannot complete the FAFSA
Yes, all students can complete the FAFSA
Only if you are a DACA recipient
9. What is an FSA ID used for?
To apply for student loans
To sign the FAFSA electronically
To register for classes
To apply for scholarships
10. What happens if you miss the FAFSA deadline?
You can still apply but with reduced aid
You cannot receive any federal student aid
You can apply next year
You can submit an appeal
11. Which of the following information is used to determine the Expected Family Contribution (EFC)?
Student’s income
Parent’s income
Family size
All of the above
12. Can graduate students apply for FAFSA?
Yes, graduate students can apply
No, only undergraduate students can apply
Only if they are pursuing a second bachelor’s degree
Only for specific programs
13. What is the maximum amount of Pell Grant a student can receive for the 2023-2024 academic year?
$5,920
$6,495
$7,395
$8,000
14. Which tax form is typically required to complete the FAFSA?
Form 1040
Form W-2
Form 1099
Form 4868
15. Can you make corrections to your FAFSA after submitting it?
No, once submitted, it cannot be changed
Yes, but only within 24 hours
Yes, you can make corrections online
Yes, but you must mail the corrections
16. What is the main difference between a subsidized and an unsubsidized loan?
Subsidized loans have lower interest rates
Unsubsidized loans are only for graduate students
The government pays the interest on subsidized loans while the student is in school
Unsubsidized loans do not require a credit check
17. Can parents of dependent students apply for loans through FAFSA?
No, only students can apply for loans
Yes, through the Parent PLUS Loan program
Yes, but only if they co-sign the student’s loan
No, parents must seek private loans
18. What is the deadline for submitting the FAFSA for the 2023-2024 academic year?
June 30, 2023
June 30, 2024
March 1, 2024
December 31, 2023
19. What is the IRS Data Retrieval Tool used for in the FAFSA process?
To estimate financial aid eligibility
To import tax information directly into the FAFSA
To apply for scholarships
To verify student identity
20. Can you submit the FAFSA without including your parents’ information?
Yes, if you are an independent student
No, parental information is always required
Yes, but only if you are over 25
No, unless you have a special waiver
We recommend that you do not leave the page that you are taking this quiz in. Stay honest 🙂
