Acronyms
FAFSA
What is Free Application for Federal Student Aid?
The date you can start submitting your FAFSA
What is October 1st?
Grants, scholarships, loans, and work-study
What are the four different types of Financial Aid?
The total number of points per credit hours earned
What is a Grade Point Average (GPA)?
True or False: Student loans are free money and don't have to be repaid.
False
SAR
What is Student Aid Report?
The # of semesters that a full-time student can receive Pell
What is 12?
Aid that does not need to be paid back
What are grants?
The discontinuing of a course after the drop/add period that negatively impacts the student's completion rate and academic progress
What is withdraw?
Proof of loan understanding
What is Entrance Counseling?
PLUS
What is Parent Loan for Undergraduate Students?
The maximum amount of Pell that a student can receive for the 2021-2022 academic year
What is $6,496?
Money that you are borrowing and need to pay back with interest
What are Loans?
Student must meet or exceed a cumulative GPA of 2.0 and a cumulative completion rate of 67%
What is Satisfactory Academic Progress?
Non-federal education loans that are borrowed by the parent of an undergraduate student
What is Parent Plus Loan (PPL)?
FFELP
What is Federal Family Educational Loan Program?
The typical minimum GPA to maintain Federal Satisfactory Progress
What is 2.0?
Monetary awards given to students in recognition of academic achievement or financial need
What are scholarships?
F, NC, I, W
What grades do not count for completion rate?
This type of financial aid must be paid back 6 months after graduation or if you withdrawal from school or take less than 6 credits
What is Federal Direct Student loans?
SAP
What is Satisfactory Academic Progress?
The general guidelines given to schools are provided by this entity
What is the Department of Education?
Money awarded to student than can be earned by working on campus
What is work-study?
A student failing to meet with the minimum GPA or completion rate the first time.
What is a warning?
Where would you go for assistance regarding your financial aid application or your award letter on this campus?
Financial Aid Department
Student Service Center, 1st Floor (round building)
Mon-Fri 8am-5pm | 361.825.2338
https://osfa.tamucc.edu/index.html