Financial Aid Terms
Student Loans
100

Name(s) of the Financial Aid Application

What is FAFSA

100

You will have to pay back this type of financial aid

What are federal and private student loans

200

This type of free financial aid can consist of outside and institutional funding without being paid back.

What are scholarships

200

Federal loans

What loan is best to take out

300

Pell and SEOG are examples of this type of aid

What are grants

300

This type of federal loan does not accrue interest while you are still in college

What is subsidized student loans

400

Tuition + Room and Board + Fees + Personal Expenses = ?

What is Cost of Attendance

400
What are the two types of loans that do accrue interest while you are still in college?

What is unsubsidized loans and private loans

500

Work-study is a form of student employment limited to part-time during the school year, and students usually work no more than 20 hours a week. Partially funded by the federal government, this program provides financial assistance through student employment.

What is Work study

500

Can parents take out loans for there child to attend college 

What is parent plus loan

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