College Terminology
college students complete this federal form once a year to determine their eligibility for financial aid
What is FAFSA
A number between 300-900 that shows how likely you are to pay back a loan based on your credit history
What is a credit score
The percent of income should be used for Needs
What is 50%
A short-term loan from a cash store
What is a payday loan
These cities house the NSU campus's
What is Tahlequah/ Musgokee/ Broken Arrow
This type of student loan that does not earn interest until 6 months after you graduate or drop below half-time status.
What is a Subsidized Loan
Information about who you've borrowed money from and how long it takes you to pay it back
What is credit history?
The percent of income should be spent on things you Want
What is 30%
A schedule for paying back your debt
What is a payment plan?
This event occurs prior to the first week of your freshman year when new students learn the ropes and meet people.
What is welcome week
This type of financial assistance is awarded based on merit or talent that does not need to be repaid.
What is Scholoarships
The total amount of money you can from a lender
What is your credit limit
This term is used to describe setting aside money for a specific purpose
What is Appropriation
A personal loan to help you buy a home
What is a mortgage?
This is the name of the current NSU mascot
Who is Rowdey
This is the term for the amount of money you’ll eventually owe after graduation, including your principal and interest.
What is student loan debt?
When someone steals your credit card or personal information and uses the card without your permission
What is credit fraud?
Type of expense that does not change
What is a fixed expense
A short-term loan from a cash store
What is a payday loan?
The order of semesters in the academic year
What is Fall/ Spring/ Summer
This office handles all payments to student accounts
WHat is the Bursar
Negative financial information can stay on your credit report for this length of time
What is 7 years
This can happen when there's a shortfall in revenue, an increase in spending, or both.
What is a Deficit
The interest rate that's charged on a loan each year
What is (APR) Annual Percentage Rate
NSU was originally found as what school
What is Cherokee National Female Seminary