Financial Aid
This type of scholarship is awarded to students who display high educational excellence
Academic Scholarship
These loans are made by banks and credit unions and have terms and conditions set by the lender
Private Student Loans
This type of degree is a 2 or 3 year undergraduate degree
Associate's Degree
These types of schools usually take less than 2 years to complete, have lower costs than traditional colleges, and help with specific hands-on training
Trade and Vocational Schools
Even if you do this in college, you will still be on the hook for paying back your student loans
Drop Out
This is any form of financial aid that doesn't need to be repaid
Gift Aid
These loans are made from the government with terms and conditions set by laws
Federal Student Loans
This type of degree comes from a college or university and usually takes 4 to 5 years to get
Bachelor's Degree
If you want these for your particular trade, you will need to study for and take your state's test to obtain them
Licenses
College is expensive! This is the total cost of education expenses needed for a student to attend an educational institution
Net Price
This application must be completed every year a student is in school in order to qualify for student aid
300 POINT BONUS: It stands for...
FAFSA
Free Application for Federal Student Aid
These are specific federal student loans that are based on a student's financial needs. Interest accrues later.
Subsidized Loans
When a college offers the option to test out of certain classes, it's called this
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CLEP
College-Level Examination Program
These programs teach skills faster than many other education programs and can be for accelerated or professional purposes
Certification Programs
The measurement of gain or loss generated on an investment relative to the amount of money invested
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ROI
Return on Investment
Usually, this is rewarded on a financial need basis and doesn't need to be repaid
Grant
On average, this is the number of years it takes graduates to pay back their student loan debt
20 Years
Any schooling that takes place after high school
Postsecondary Education
Military
This is when debt payments are put on hold and no interest is accrued
Deferred
Colleges and Universities send these out to tell you about attendance costs and details about your financial aid packages
Financial Aid Award Letter
These are specific federal student loans that are not based on financial need. Interest accrues immediately
Unsubsidized Loans
Courses that need to be completed before a student can enroll in a second course are called this
Prerequisites
Professional trainers will teach you in this type of learning that happens at your place of work
On-The-Job Training
This is when debt payments are put on hold but interest continues to accrue
Forbearance