Financial Aid
This financial aid is given based on merit and not need.
Scholarships
Another term for housing and food.
Room and Board
The overall sales tax rate for Edgecombe County, NC.
7% (4.75% + 2.25%)
Because of this, you want to be sure that the rate of return at which you are saving is highter than this.
Inflation
All economic decisions are driven by this.
Scarcity
This kind of loan is usually easier to get, but you have to pay interest while in school.
Unsubsidized Loan
Like a vehicle, you probably aren't going to end up paying this displayed cost of attendance.
Sticker Price
You need this form from your employer that details your income to file your taxes.
W-2
Creating and sticking to these can prevent running out of money, resorting to credit, and falling into debt.
Budgets
These decisions help control the money supply to prevent inflation and unemployment.
Monetary Policy
Name after the Senator who championed its creation, this aid is given to students of financial need.
Pell Grant
Plus loans are usually paid by graduate students and them.
Parents
This Constitutional amendment gave Congress the power to levy income taxes.
16th Amendment
This is a period of time where you are expected to work towards financial stability before your loan repayment begins.
Grace Period
Fiscal Policy
To accept a federal student loan, you will need to complete entrance counseling and sign this.
Promissory Note
This program give students the opportunity to find jobs through their college and earn money toward paying college expenses.
Work-Study
Though many debts are forgiven through this legal process, student loans are not.
Bankruptcy
This is temporary postponement of student loan payments after repayment has begun; and no interest is charged.
Deferment
When a country, firm, or individual is able to make something more efficiently.
Comparative Advantage
This is the first day in which FAFSA applications are accepted.
October 1
This is the long-term failure to repay your student loan, which could result in garnished wages, withholding of taxes or social security, and long-term credit score damage.
Every state requires bodily injury liability insurance for automobiles except this one.
Florida
Equifax, TransUnion, and Experian are the top 3 agencies that help establish this.
Credit Score
This approach promotes the idea that government does not intervene with businesses. It's French for "Let it Be."
Laissez-Faire