Terminology
The total amount you can borrow over the life of your academic program.
The minimum number of credits a graduate student must take to be eligible for federal loans.
What is 5 credits?
Students must complete this application each year to determine eligibility for federal aid.
What is the FAFSA?
The maximum number of academic years legacy borrowing rules can apply to a student.
What is three?
The office a coach should refer a Corporate Partner (CP) student to for eligibility or benefit award concerns.
What is Financial Intake Services (FIS)?
The estimated total cost of attending school, including tuition, fees, books, housing, and other educational expenses.
What is the Cost of Attendance?
The standard annual limit for Federal Direct Unsubsidized loans for graduate students.
What is $20,500?
This aid does not typically need to be repaid.
What is a grant?
The result if a student wishes to challenge or appeal their non-legacy designation.
What is "there is no appeal process"?
Explanation: Emails will be sent to students with visual cues in MyASU, for the ASU support team to support students.
This payment plan spreads tuition charges across the first three months of a semester for students in session A.
What is the Tuition Payment Plan (TPP)?
A specialized degree program, such as law, medicine, or pharmacy, that may have different borrowing limits than other graduate programs
The number of credits considered "full-time" for a graduate student in terms of financial aid proration.
What is 9 credits?
-Keep in in mind that undergraduate is 12 credits.
This office helps students understand federal aid eligibility and borrowing options.
What is Financial Aid?
For graduate certificate programs, this factor determines the final proration of aid.
What is the student’s percentage toward full-time enrollment?
The maximum amount a full-time graduate student can receive in unsubsidized loans during a single term.
What is $10,250?
A federal loan that a parent can take out to help pay for their dependent student's education.
What is a Parent Plus Loan?
This document provides a breakdown of a student's aid eligibility and awards.
What is a financial aid offer (award letter)?
The month in 2024 when ASU planned to begin emailing students regarding their legacy status.
What is June?
Per Dave Ray, why is there no "Grad PLUS calculator.
What is Cost of Attendance (COA) varies by student?
You were already in your program and receiving federal aid before the new OB3 rules started. Because of that, you may qualify to continue under some of the previous borrowing rules while you finish your degree.
What is Legacy Student/Borrower?
The estimated minimum amount of time it takes to research and receive a private education loan.
What is 30 days?
-This also applies to undergraduate
The official date when the new federal student loan rules take effect
What is July 1, 2026?
The acronym for the academic standards (GPA and Pace) a student must meet to keep their aid.
What is SAP (Satisfactory Academic Progress)?
The annual federal loan limit for an independent first-year undergraduate student.
What is $9,500?