# More Money, Less Problems

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| By Wfieldsd2d
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Wfieldsd2d
Community Contributor
Quizzes Created: 1 | Total Attempts: 237
Questions: 6 | Attempts: 237

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This quest includes two videos. When you complete this survey you will receive a code for points.

• 1.

### Cost of Attendance - Expected Family Contribution =

• A.

The loans you must borrow

• B.

How much your family must pay

• C.

The total amount of scholarships you have received

• D.

Explanation
The equation given represents the calculation of financial need for a student. By subtracting the Expected Family Contribution (EFC) from the Cost of Attendance, we can determine how much financial aid is required to cover the remaining expenses. This represents the amount of money the student needs in order to afford their education, taking into account their family's ability to contribute. Therefore, the correct answer is "Your financial need."

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• 2.

• A.

• B.

Do not select this option

Explanation
The correct answer is "Click here to continue" because the question asks for the next step after watching the video. The phrase "Click here to continue" implies that by clicking on it, the user will be able to access the next video in the quest.

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• 3.

• A.

• B.

Do not select this option

• 4.

### What does the first 'F' in 'FAFSA' stand for?

• A.

Fast

• B.

Free

• C.

Financial

• D.

Federal

B. Free
Explanation
The first 'F' in 'FAFSA' stands for Free because the FAFSA (Free Application for Federal Student Aid) is a form that students fill out to apply for financial aid for college or graduate school. The form is free to complete and submit, allowing students to access federal grants, loans, and work-study opportunities to help pay for their education.

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• 5.

### Cost of Attendance - Expected Family Contribution =

• A.

The loans you must borrow

• B.

How much your family must pay

• C.

The total amount of scholarships you have received

• D.

Explanation
The given equation, Cost of Attendance - Expected Family Contribution, represents the difference between the total cost of attending a college or university and the amount that your family is expected to contribute towards that cost. This difference is commonly referred to as your financial need, as it represents the amount of financial assistance you require in order to cover the remaining expenses. Therefore, the correct answer is "Your financial need."

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• 6.

### What does the first 'F' in 'FAFSA' stand for?

• A.

Fast

• B.

Free

• C.

Financial

• D.

Federal

B. Free
Explanation
The first 'F' in 'FAFSA' stands for "Free" because the FAFSA (Free Application for Federal Student Aid) is a form that students must complete in order to apply for financial aid for college. The form is free to fill out and submit, allowing students to access potential funding opportunities without any cost.

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• Current Version
• Mar 20, 2023
Quiz Edited by
ProProfs Editorial Team
• May 27, 2014
Quiz Created by
Wfieldsd2d

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