Federal Work Study
The maximum number of hours a student can work per week while school is in session
What is 20 hours?
Aid that does not need to be repaid, such as grants and scholarships
What is gift aid?
An eligibility index that a college uses to determine how much aid a student will receive
What is the student aid index (SAI)?
This is the required minimum GPA needed in order to graduate from college
What is 2.0?
What is a Parent PLUS loan (Direct PLUS loan)?
The form that a student must complete once they have been hired for a position and is approved by the financial aid office
What is a Student Employment Agreement?
The type of costs that students will have to pay for that are not listed on their bill, such as transportation and books.
What are indirect costs?
The username and password that students use to access all Federal Student Aid websides
What is an FSA ID?
The process in which students have to request to have their financial aid eligibility restored
A type of gift aid that is determined by admissions based on a student's high school GPA
What is a merit scholarship?
The platform that a student visits to apply for a work study job
What is Handshake?
A federal review process that ensures that the information submitted on the FAFSA is correct
What is verification?
The status of a student that completes a FAFSA without parental information due to unusual circumstances
What is provisionally independent?
The status a student is placed in when they are not making SAP for the first time that allows them to receive one semester of financial aid on probation
What is a financial aid SAP warning?
What is SEOG (Supplemental Education Opportunity Grant)?
Under federal regulations, this percentage of student's FWS earnings can come from the federal government, while the institution must cover the remainder
What is 75%
A college's total estimated expenses for one year that is used to determine each student's eligibility for financial aid
What is cost of attendance?
This was signed into law in 2020, expanding access to federal student aid, and mandates Federal Student Aid to use data directly from the IRS
What is the Future Act?
The term that explains the percentage of courses a student must complete to maintain SAP; also known as the pace at which a student must progress
What is quantitative measurement or quantitative assessment?
Chapter 31, Chapter 35, and the GI Bill are examples of this type of aid
What are VA Benefits?
This act created the Federal Work-Study program in 1964 as part of a broader initiative to help students finance their education
What is the Higher Education Act?
The student's cost of attendance minus their Student Aid Index
What is need (or financial need)?
The last day that a student can submit a FAFSA form in any given award year
What is June 30th?
A document that must be submitted with an appeal if it will take more than one semester for a student to make SAP
What is an academic plan?
A reciprocal scholarship opportunity for the dependents of eligible faculty and staff at a participating member school
What is Tuition Exchange?