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Financial Aid

Master Your Financial Aid Knowledge

Test your understanding of financial aid processes with our engaging quiz designed for students and graduate professionals. Whether you're looking to clarify concepts or prepare for discussions, this quiz covers essential topics!

Understand financial aid requirements and processes
Explore loan management for grad students
Learn about Satisfactory Academic Progress

5 Questions1 MinutesCreated by NavigatingFunds101

Why isn’t financial aid appearing on a student’s bill (i.e., Payments/Account Summary) but it does appear on their financial aid screen as offered aid (i.e., View Financial Aid)?

The student did not accept their awards

The student did not submit the FAFSA

The student did not register

The student did not complete a Bio-Demo Form

How can GRAD students edit their Unsubsidized and/or Grad PLUS loan amount before they accept their award(s)? (Note: They could do the same thing after they accept it too, but they run the risk of being refunded the amount they do not want if funds are already disbursing)

Talk to the Federal Government

Walk in to the Financial Aid Office

Complete a Loan Revision Form

Decline the amount online

Why would a student’s loans still appear as Anticipated Aid on their bill even though the student accepted the awards?

The student didn’t complete the required documents (e.g., MPN and Entrance Counseling)

The student accepted all awards and completed all documents

The student was not yet awarded financial aid

The student didn’t tell ’Canes Central they wanted their aid to move from anticipated to actual aid

What is SAP?

Satisfactory Academic Progress

Standard Administrative Processes

Strong Academic Performance

Standing Academic Penalties

What is the document submission SLA for financial aid?

3-5 business days

7 business days

10 business days

15 business days

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