Financial Aid Terms
The name of the financial aid application
What is a FAFSA?
What are three types of scholarships that students receive at the University of Memphis?
Merit-based, departmental, or outside scholarships
When will the 2024-2025 FAFSA be available?
Sometime in December 2023
The office that processes federal financial aid, like loans and grants
Financial Aid
What is the username that students/parents have to have in order to create a FAFSA?
FSA ID
The portal that University of Memphis students can use to search for scholarships
Tiger Scholarship Manager
What tax information will the 2024-2025 FAFSA use?
2022 income information
The two departments that handle Tiger Smart Start
USBS or the bookstore
The type of aid that students do not have to pay back (multiple answers)
grants, scholarships, student worker jobs, or outside tuition assistance
The date that service hours for scholarships are due
June 1st of each year
Office that handles institutional or departmental scholarships
Scholarship Office
The type of federal aid that students do have to pay back
loans
True/false: Students can receive their Hope scholarship over the summer
True, you have to be enrolled in at least 6 hours
The grace period students have before they have to start paying back their loans
6 months after graduation or after non-continuous enrollment
Office that handles outside scholarships
USBS
This number generated by the tax, household, and income information a student enters on the FAFSA and decides what types of aid they can get
EFC (Estimated Family Contribution)
The requirement needed for students to renew their scholarships, like the Dean's, Provost, Presidential, and Hope
Submitting the FAFSA each year, completing service hours, and maintaining the required GPA
The semesters that the FAFSA cover
Fall, Spring, and Summer
Office that helps with balances, payments, and refund checks