Higher Ed Perks
Interest paid on these is currently tax deductible and reduces the amount of income on which a family is taxed
What are federal student loans?
Loan which offers interest paid while in school
What is the Direct Subsidized Loan?
Students must complete this electronic process on studentloans.gov (typically the summer before they start classes) to understand the terms and conditions of their federal direct loans
What is entrance counseling?
Direct Costs + Indirect Costs for 1 year
What is the Cost of Attendance (COA)?
This kind of information is protected because it can be used to trace a person's individual identify when used alone or combined with other pieces of information.
What is personally identifiable information?
This top tier Moravian Scholarship varies by this amount based on whether or not a student is in the primary or secondary market.
What is the presidential scholarship?
A student living with his father, whose parents are legally married but living separately should this or these parents on the FAFSA?
What is the father?
Effective January 1, 2009 borrowers were able to select this loan repayment option based on their earnings each year.
What is Income based repayment?
Current Interest Rate on Direct Subsidized/Subsidized Loans, fluctuates with prime interest rate.
What is 4.45%?
This process affecting about 30% of all incoming FAFSA filers and about 18% of FAFSA filers at Moravian prevents a school from finalizing any federal, state, or need-based aid amounts until a family submits additional financial or other documents.
What is verification?
Cost of Attendance - Estimated Family Contribution
What is Financial Need?
What is Family Education Rights and Privacy Act (FERPA)?
Federal need based grant awarded to students with an EFC of 5329 or less, prorated based on enrollment
What is the Pell grant?
A student lives with her mother only who is also in college lists how many members in college on the FAFSA?
What is 1?
This tax credit is worth up to $2500/year for the first 4 years of college.
What is the American Opportunity Credit?
A freshman whose parent has been denied for the plus loan receives this additional amount in unsubsidized loan
What is $4000?
Parents must complete an electronic counseling session if they are looking to borrow a plus loan and receive this initial outcome on a plus application.
What is a denial?
Student Contribution from the FAFSA (SC) plus Parent Contribution (PC)
What is Estimated Family Contribution?
This system is the quickest and easiest way to enable families to send documents securely to the financial aid office.
What is Xmedius Send Secure?
After a student completes the FAFSA, he/she may receive grants in addition to scholarships on the basis of this
What is financial need?
A student whose parents have bother died when he was 15 who now lives with his grandmother who has now legally adopted him, lists this number in the family on the FAFSA
What is 1?
Students or Parents can still receive up to $5,250 of this education benefit tax free.
What is tuition reimbursement?
When borrowing a PLUS loan a parent should budget this additional amount for the origination fees taken out by the government before the loan is applied to the account
What is 4.264%
Minimum number of documents a family must submit if the FAFSA has been selected for verification
What is zero?
Direct Costs -Total Financial Aid (Except Work Study)
What is Estimated Bill?
This law governs among other things specifically how any institution may use data from the FAFSA.
What is the Higher Education Act (HEA)?
Beginning with the 18-19 year, these scholarships were autoawarded based on academic performance and academic interest in lieu of some portion of MC grant?
What are endowed scholarships?
A student completing his FAFSA in November for the following fall living with married parents who mother is pregnant should list this number of in the household on the FAFSA.
What is 4?
This controversial graduate student tuition benefit extending tax free status to these benefits ended up remaining intact in the final version of the Tax Cuts and Job Act of 2017.
What are graduate tuition waivers?
An independent student or parent who has been denied a plus loan can borrow this total amount of federal direct subsidized/unsubsidized loans for his/her Freshman year
What is $9500?
The additional finanicial aid application (not required by Moravian) collects additional information which is excluded from the FAFSA such as non-custodial parent info and information on other assets excluded from the FAFSA.
What is the CSS profile?
Total Institutional aid divided by tuition & fees, expressed as a %
What is discount rate?
Adherence to the Gramm-Leach-Bliley act as well as data security policies are now included in this process each higher education institution participates in each year to maintain eligibility to award federal financial aid.
What is the audit?
This state grant often requires a separate validation process and may use a different EFC to determine the award.
What is the Pennsylvania Higher Education Assistance Grant (PHEAA) Program?
A student's parents are separated and he live with both equally, he should list this parent (s) on the FAFSA
What is the parent who has the higher income?
This popular forgiveness plan of which Moravian is a qualifying employer offers loan forgiveness after 10 years when qualifying for reduced payments under an income driven repayment plan
What is public service loan forgiveness?