Acronyms
FAFSA
What is the Free Application for Federal Student Aid?
Four types of financial aid
What are scholarships, grants, loans and work study?
Published release date for the FAFSA
What is October 1?
A person who puts information into the FAFSA
Who is a contributor?
The contributor when the biological/adoptive parents are married to EACH OTHER AND FILE JOINTLY
Who is a parent contributor?
SAI
What is the Student Aid Index?
Factors included in the annual cost of attendance at a university
What are Tuition/Fees, Room/Board, Books/Supplies, Transportation and personal expenses?
First step to complete the FAFSA
What is to set up the FSA ID?
Who is the student/spouse, biological/adoptive parents, and a step-parent?
When both biological/adoptive parents are married to each other BUT file taxes SEPARATELY
When are BOTH parents contributors?
COA
What is the Cost of Attendance to a particular college?
Two components of the Student Aid Index
What are the parent and student contribution?
The tax year your parent(s) will use to complete your FAFSA
What is tax year 2026?
A noncontributor
Who are foster parents, aunts/uncles, legal guardian, siblings?
The method used to determine a contributor when the biological/adoptive parents of a dependent do not live together or are divorced
Which parent has provided greater financial support within the last 12 months of filing?
FSA ID
What is the Federal Student Aid ID?
Formula for financial need
What is Cost of Attendance - Student Aid Index?
Examples of non assets on the FAFSA
What is the 401k/IRA or the primary residence?
Contributor when a student is financially independent
Who is the student and spouse?
This family structure includes a step parent as a contributor for purposes of filing the FAFSA
When the biological/adoptive parent remarries and files separately from the other biological/adoptive parent?
NPC
What is the Net Price Calculator?
Federal aid paid in exchange for part time employment
What is federal work/study?
Examples of assets included on the FAFSA
What are bank accounts, investments and second homes?
The process required to secure federal tax information on the FAFSA
What is parent consent that is given to transfer tax information from the IRS to the Department of Education?
The method used to determine the contributor when biological/adoptive parents live separately but provide equal financial support.
Who is the parent with the greater annual income and or assets?