FAFSA Terms
Types of Aid
Finding the Right College
100
This is when a borrower combines one or more of their federal loans into one monthly payment with a fixed interest.

What is consolidation?

100

I am a form of financial aid that does not need to be paid back.

What is a grant?

100
This is what you call the expected price, not the full price.

net price

200
Example: I'm gonna pause my student loans to pay off my debt payments!

What is deferment?

200
Part time or full time college students can earn an hourly wage using me.
What is a work study?
200
This includes more than just tuition, it includes books, housing, and more.
What is the cost of attendance?
300

You can talk to me handle billing, respond to your questions, and help you understand or change your repayment plan.

Who is the loan servicer?

300
I am a loan that the government will pay interest for me while you're attending school and certain other periods.

What is a subsidized loan?

300

This is what your school will use to create your financial aid package after you submit your FAFSA.

What is the Student Aid Index?

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