Financial Aid
The minimum number of semester credits a student must be enrolled in to be considered full-time and eligible for maximum financial aid.
What is 12 units?
This banking fee is triggered when you spend more money than you actually have available in your checking account.
What is an overdraft fee?
Financial experts generally recommend saving this for unexpected living expenses.
What is an emergency fund?
It may be New York's largest and most recognizable city, but this is actually the state capital
What is Albany?
Streamer's famous catchphrase is "What's Up, Brother".
Who is Sketch?
FAFSA is the acronym
What is Free Application for Federal Student Aid?
This asset, such as a house or a car, is pledged by a borrower to secure a loan and can be seized by the lender if payments stop.
What is collateral?
The basic financial concept of dividing your money among various asset classes to minimize risk.
What is diversification?
This 3-letter slang term is frequently used by streamers and their chat to mean a victory or a "Win."
What is a "Dub"?
The type of federal loan where interest begins accruing the moment the loan is disbursed.
What is an UNsubsidized loan?
These types of expenses, like rent or car insurance, stay exactly the same cost every single month, making them easy to plan for.
What are fixed expenses?
The principle that states earning interest on both the initial principal and the accumulated interest from previous periods makes your money grow faster.
What is compound interest?
To avoid a delay in your scheduled disbursements
What is MUST select a disbursement option
This four-letter acronym represents the actual yearly cost of borrowing money on a credit card, including interest and fees.
What is an APR (Annual Percentage Rate)
An employer-sponsored retirement plan where eligible contributions are often matched by the company up to a certain percentage.
What is a 401(k)?
Kai Cenat created this to train the next wave of internet creators.
What is Streamer University?
Our school delivers your refund via
What is BankMobile Disbursements, a technology solution, powered by BMTX, Inc.
This strict budgeting philosophy requires you to allocate every single dollar of your monthly income to a specific category until you have $0 left over.
What is zero-based budgeting?