Financial Aid Terms
This type of loan forgiveness is available to borrowers who make 120 qualifying payments under a qualifying repayment plan while working full-time for a qualifying employer.
What is Public Service Loan Forgiveness (PSLF)?
This type of data includes any federal tax information provided by the IRS to ED and tax filing status
What is FTI (Federal Tax Information)?
This is the official name given to the individual who information is required on the FAFSA.
What are FAFSA Contributors?
In cases of divorce, this parent is determined to be the contributor on the student's FAFSA.
Who is the parent who provided the majority of the student's financial support?
This is a student-centered redesign of the FAA Access to CPS Online website.
What is FAFSA Partner Portal?
This is the Federal deadline to submit the 2025-2026 FAFSA.
What is June 30, 2026?
This type of data includes demographic information and student dependency status, and financial asset information.
What is FAFSA data?
FUTURE Act is the acronym that stands for this.
What is Fostering Undergraduate Talent by Unlocking Resources for Education?
This is the minimum Pell grant amount
What is $740?
This act, passed in 2020, temporarily suspended federal student loan payments and interest accrual during the COVID-19 pandemic.
What is the CARES Act?
Standard term, nonstandard term, non-term and subscription-based are type of what?
What is Academic Calendars
This is the length of time that HEA requires schools to maintain a student's written consent to disclose FAFSA data.
What is three years.
This FAFSA question determines whether a student is considered a “special circumstance” applicant, potentially qualifying for professional judgment.
What is the dependency override question?
This replaces the SAR and summarizes information provided on the FAFSA and basic eligibility for federal financial aid.
What is the FSS (FAFSA Submission Summary?
This federal regulation mandates that institutions participating in Title IV programs must have a written policy for refunding tuition and fees.
What is the Return of Title IV Funds?
This is the process of analyzing the household and financial information on the FAFSA and calculating a SAI.
What is Need Analysis?
Under FERPA, schools must have this to disclose the educational record to the student's parent and or spouse.
What is prior written consent?
The method used in determining eligibility for federal student aid programs.
What is Federal Methodology?
This is a type of disbursement of financial aid in which a student receives aid for a past payment period after that period has already ended.
What is a retroactive disbursement?
This type of asset is not reported on the FAFSA, even though it may significantly impact a family’s financial strength.
What is retirement savings (e.g., 401(k), IRA)?
This is the percentage of full-time enrollment at which a student is enrolled, rounded to the nearest whole percent.
What is Enrollment intensity?
True/False - If a student is a dependent student and claimed on the parent most recent tax return, a school may disclose the student's education record to either parent without the student's consent.
What is True?
This is calculated using family income and assets.
What is the SAI?
This is a portion of a student's income that is not considered when calculating financial aid eligibility.
What is Income Protection Allowance (IPA)?
Students can skip the asset question on the 2025-2026 FAFSA if the family meets this adjusted gross income threshold and does not file certain IRS schedules.
What is an adjusted gross income of less than $60,000?