Loans
A family's salaries minus certain deductions from income on the federal income tax return.
What is Adjusted Gross Income (AGI)?
FSEOG
What is Federal Supplemental Educational Opportunity Grant?
Aid that doesn't have to be repaid.
What is a Pell Grant?
How an admissions office learns about you?
What are personal prompts?
A non taxed, large gift of money, under $9,500.00 given by an individual.
What is a financial gift?
A PPL.
What is a Parent Plus Loan?
FAFSA
What is Free Application for Federal Student Financial Aid?
An allowance for the cost of housing and food.
What is "room and board?"
Must obtain by the end of High School.
What is a High school diploma?
Money gifted from an organization, that does not need to be repaid?
What is a grant?
A loan made by a lender such as a bank, credit union, state agency, or a school.
What is a Private Loan?
EFC
What is Expected Family Contribution?
A six-digit code that is assigned by the U.S. Department of Education.
What is the Federal School Code?
Must fill out for every institution.
What is an application?
Funds awarded based on merit or academic standing.
What is a Scholarship?
A federal financial need based loan in which the federal government pays the interest on the loan while a borrower is in school.
What is a Direct Subsidized Stafford Loan?
COA
What is Cost of Attendance?
An offer of financial aid from a postsecondary education institution.
What is an award letter?
Place that you go to make payments for attendance.
What is the financial aid office?
Positions on campus that students can fill for income.
What is work study?
A federal loan for which the borrower is fully responsible for paying; the interest on this loan accrues from the date of disbursement and continues throughout the life of the loan.
What is a Direct Unsubsidized Stafford Loan?
FWS
What is the Federal Work Study Program?
This is a legal binding document used when a person is applying for a student loan.
Something written by an individual that knows you well enough to support you.
What is a letter of recommendation?
Money that is borrowed from an institution, a bank or an individual; that is to be repaid.
What is a loan?