© 2012 Texas Guaranteed Student Loan Corporation. 1207-55911 v3.0.
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Transcript of © 2012 Texas Guaranteed Student Loan Corporation. 1207-55911 v3.0.
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37 How to play
© 2012 Texas Guaranteed Student Loan Corporation. 1207-55911 v3.0
Also known as “sticker price”; an estimated cost of the expenses
(tuition, fees, books, room and board, and miscellaneous costs) associated
with attending a specific college
Expected out-of-pocket cost for a college education paid by the student
and family, after taking into account the aid the student will receive
A type of college or university that is established and/or funded by a
government (usually a state); generally offering four-year programs of study
A type of college or university that is established and/or funded by a private entity (may be a nonprofit organization)
rather than a government, generally offering four-year programs of study
One category of educational expenses included in the “cost of attendance”;
living expenses are such items as rent, utilities, and food
The free application that college students must submit in order for schools to determine eligibility for federal student aid including loans,
work-study, and grants
Classified by the U.S. Department of Education, an ______ is not required to provide parents’ income information
to complete the FAFSA
Classified by the U.S. Department of Education, a ______ is required
to provide parents’ income information to complete the FAFSA
A classification of student set by Congress and administered by the U.S. Department of Education to
determine the types and amounts of aid the student may receive
Timeframe set by a college’s financial aid office for submitting
the FAFSA to maximize the student’s chance to receive limited aid that
is generally awarded on a first-come, first-served basis
A notification from the college’s financial aid office which includes the types of financial aid that the student
will receive for the academic year
An award of financial aid from various sources — may be merit based
or need based — that the student does not repay
An award of financial aid from federal government, state government,
or college — may be merit based or need based — that, generally,
the student does not repay
Costs that are included in the “cost of attendance” (tuition, fees,
books, room and board, and miscellaneous costs) that can be
paid with federal student aid
An award of financial aid from federal or state government and the college, in which the student earns wages at a job (usually on campus)
A loan offered by the U.S. Department of Education to help pay for a student’s college expenses
and must be repaid when the student drops below half-time
enrollment or graduates
Among other things, ______ establishes policies on federal financial aid for education and distributes as well
as monitors financial aid funds
A federal loan, such as a Direct Subsidized Loan, a Direct
Unsubsidized Loan, and a parent PLUS loan, which may be used to fund an undergraduate education
A federal loan with a fixed interest rate offered to college students who are
enrolled at least half time and for which the U.S. Department of Education pays the accruing interest while the student maintains at least half-time enrollment
A federal loan with a fixed interest rate offered to college students who are
enrolled at least half time and for which the student is responsible for paying the accruing interest from the date the loan
is disbursed until it is paid in full
A federal loan available to help parents pay for the college-related expenses
of their dependent students
An item of value, owned by the borrower, that the lender will
take if the borrower is otherwise unable to pay off a loan
Period of time (6 months for a Direct Loan, 9 months for a Perkins
Loan) after student ceases to be enrolled at least half time or graduates during which no
payments on principal are required
A federal student loan with a fixed interest rate available through eligible
schools to college students who demonstrate financial need, based on the results of the FAFSA, and for which the U.S. Department of Education pays the accruing interest while the student maintains at least half-time enrollment
A loan offered by a bank or other financial institution to a student or parent, for educational purposes
A process performed by a lender to determine the probability that
a borrower will repay a loan (credit trustworthiness)
A series of partial payments set by the college to help students and families avoid a big, upfront cost for college
A record sent by the U.S. Department of Education to the
student’s college that summarizes the student’s FAFSA information, provides dependency status, and
includes expected family contribution
Of the amount of money the student and/or parent(s) are
expected to contribute towards a student’s cost of attendance
DirectionsInvesting in Undergraduate Lotería is modeled after the popular Mexican Bingo-style game, using student financial aid
terms. Directions — for up to 30 players1. Thirty unique playing cards and 31 bags of markers are included in this set. You
will also need the PowerPoint® file, downloaded from TG’s Train-the-Trainer Graduate webpage. The file displays a grid of 37 numbers and the 37 individual term descriptions. As facilitator, you will also need the answer key and one bag of markers to track which terms and descriptions have been selected during play.
3. Begin by distributing one playing card and one bag of markers to up to 30 participants. The markers allow participants to keep track of terms as their descriptions are read.
4. The game can be played as Bingo is played; the winner can be the first participant who completes a horizontal, vertical, or diagonal line of five terms, four corners, or full card. Announce to the participants which configuration (five in a line, four corners, or full card) wins the game.
5. Begin with slide 2 and randomly select numbers on the grid displayed. Random selection of numbers can be done in many different ways: • For instance, you can choose a participant to go first and ask the participant
to select a number from the grid. Play proceeds in order clockwise from the first participant, and every player takes his or her turn selecting a number until a winner is determined.
• Alternatively, number pieces of paper 1 through 37, place them into a container, and ask a participant pull out one piece of paper at a time and select the number on slide 2 that corresponds to the number written on the piece of paper.
6. You click on the number selected, which reveals a description of a student financial aid term. Read the description aloud and ask all participants to check their playing card and decide which term, if any, matches the description displayed and read. Have the participants mark their answers with a marker on their playing card, while you use a marker to note the term and description on your answer key.
7. You click on the description displayed to return to the grid. Select the next number. Numbers that have already been selected appear as a darker color to help you avoid selecting the same description more than once during the game.
8. Play continues until a winner is declared. Use the markers on your answer key to verify the winner(s).
To play with a group larger than 30:1. You will need the PowerPoint® file, downloaded from TG’s Train-the-Trainer
Graduate webpage. The file displays a grid of 37 numbers and the 37 individual term descriptions. You will also need the answer key and a white board and/or flip chart to keep score.
2. Divide your participants into teams — how many teams will depend on the size of the group. Allow each team to select a captain. Decide which team will go first.
3. The first team’s captain begins by selecting a number from the grid on slide 2. 4. You click on the number selected, which reveals a description of a student financial
aid term. Read the description aloud. The first team may confer quietly before the team’s captain offers the team’s final answer of a student financial aid term that fits the description. • If the first team’s answer is correct and verified by your answer key, it receives
one point — which is marked on the white board or flip chart. It may be helpful to have an assistant keep score.
• If the first team’s answer is incorrect, the second team may offer an answer. - If the second team’s answer is correct, the second team is awarded
the point. - If the second team’s answer is incorrect, the third team may offer
an answer, etc.- If none of the teams provides the correct answer, no team scores
a point. Reveal the correct answer, discuss the description briefly, and resume play.
5. You click on the description displayed to return to the grid. Ask the second team to select a number. Numbers that have already been selected appear as a darker color to help you avoid selecting the same description more than once during the game.
6. Play continues until all numbers on the grid have been used or until you run out of time. The winning team is the one that scored the most points. A tie may be possible. Alternatively, the winning team may be the team that reaches a predetermined number of points.