Post-Secondary
FAFSA
Vocabulary
Types of Aid
Other
100

The amount you owe to attend college for classes and instruction.

What is tuition?

100

Check with colleges on when FAFSA needs to be turned in as it can vary.

What is the College Deadline?

100

A need based loan which is interest-free while you're in school.

What is subsidized loan?

100

Borrowed money by a student and/or parent that must be repaid after graduation.

What is Loans?

100

A great resource provided to you at MVCC:)

What is the TRIO Student Support Services (SSS)?

200

One of the four general pathways a student can go after high school to earn a bachelors, masters, or doctorate degree.

What is a four year college?

200

The amount of credits a student needs to be enrolled in to be considered eligible for direct loans program funds.

What is half-time enrollment?

200

An estimate of how much it costs to attend a college. This includes the price of tuition, room and board, books and supplies, and other expenses associated with attending that school.

What is Cost of Attendance (COA)?

200

Gift money ~ Does Not Need To Be Repaid ~ Based on financial needs.

What is Grants?

200

A 6-9 month period where you do not have to pay back loans. Interest can accrue during this time.

What is Grace Period?

300

A resource given to every student at MVCC that provides information and should be checked daily.

What is your student email?

300

FAFSA is an acronym that stands for this.

What is the Free Application for Federal Student Aid?

300

A part-time job for students with financial need.

What is work-study?

300

A grant available to eligible Illinois residents who attend approved Illinois colleges and demonstrate financial need, based on the information provided on the FAFSA.

What is Monetary Award Program Grant

300

Somewhere we recommend you should be on April 11, 2023.

What is the D214 College Fair?

400

The number of hours should you study for each class.

A general rule of thumb is to study 2–3 hours for each credit hour of a class. For example, a 3 credit hour course would require 6 hours of study time per week?

400

This is the expected date FAFSA can be completed and turned in.

What is December 1st?

400

A loan for which you don't have to demonstrate financial need, but on which interest will accrue while you are in school. You can make payments while in school, but it is not required.

What is unsubsidized loan?

400

Awarded by the U.S. Department of Education to help eligible low-income students pay for college costs, including tuition, fees, room and board, and other educational expenses.

What is Pell Grants?

400

The most important aspect of your college application.

What is a transcript?

500

An uneasy feeling one gets when facing something unfamiliar or uncomfortable.

What is anxiety/nervousness?

500

The amount that the federal government believes your family can contribute to one year of college. Colleges use this, among other things, to determine financial need.

What is Expected Family Contribution (EFC)?

500

This report shows you what data is on your FAFSA, some information about the aid for which you're eligible, and your EFC (Expected Family Contribution).

What is Student Aid Report (SAR)?

500

Low-interest federal student loans for undergraduate and graduate students with exceptional financial need. 

What is Perkins Loans

500

The best people to talk with.

Who is Mattie, Phil, and Elizabeth?

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