Key Terms
What is Principle?
What is the amount of money you borrowed.
What does FAFSA stand for?
What is the Free Application for Federal Student Aid
Where can I check my Financial Aid and Bill?
What is Hornet Hub
What is the status called when a student falls below the minimum GPA, pace of progress, or maximum time requirements, potentially losing financial aid?
What is SAP (Satisfactory Academic Progress)
What is interest?
What counts as financial aid?
What are Grants, Scholarships, work-study, and loans.
What annual application must students complete to be considered for federal financial aid?
What is FAFSA
Why might a student have a balance on their account but receive no financial aid other than their academic scholarship?
What is the student has not completed the FAFSA
What is repayment period?
What is how long you have to repay the aid back.
This type of financial aid is money awarded to students that does not need to be repaid.
What are grants and scholarships?
What form must a student complete to allow their parents to speak with Student Financial Services on their behalf?
What are FERPA forms
What is FAFSA?
What is the Federal Application for Federal Student Aid.
These are expenses not directly billed by the university, such as transportation and personal expenses.
What are indirect costs.
This form can be submitted to reduce, remove, or reallocate loan funds.
What are Loan Adjustment Forms.
What is total repayment?
What is what you end up paying back altogether.
What is a type of loan that does not accrue interest while in school and during a 6 month grace period?
What is a Federal Subsidized Loan
What process allows the Financial Aid Office to review a student's financial aid eligibility when their family's financial circumstances have changed?
What are Professional Judgement form