FAFSA TERMS
FAFSA APPLICATON
SCHOLARSHIPS
FINANCIAL AID
COLLEGE KNOWLEDGE
100
The total sum of a student's tuition, room/board, books, supplies, transportation, associated loan fees, and any other expenses.
What is Cost of Attendance?
100
IRS form that is sent to you by your employer and includes salary information and taxes withheld for the prior year.
What is a W-2?
100
An online college success resource for St. Louis high school and college students, parents and teachers to help students get in, stay in and succeed in college.
What is St. Louis Graduates? stlgraduates.org
100
Awarded to students with financial need. Students can earn this award money to help with the cost of attendance. This job can be found on or off campus through the school's Financial Aid Office.
What is Federal Work-Study?
100
An undergraduate academic degree granted after completion of two years of study. Community colleges and career colleges generally award this degree.
What is an Associates Degree?
200
This amount indicates how much money the government estimates a student and family can afford to contribute toward the year's college costs.
What is Expected Family Contribution or EFC?
200
April 1, 2013
What is a FAFSA Deadline? *NOTE* This is only for the state of Missouri! Students attending schools in other states should check with their Financial Aid Office to confirm the deadline.
200
Awarded to students based on financial need or to award them for special talents in academics, music, athletics, etc. They are offered through colleges, the community, and other organizations.
What is a scholarship?
200
Awarded by the federal or state governments or by the school and are usually based on financial need.
What is a grant?
200
An undergraduate academic degree awarded for a course of study that generally lasts four years. Colleges or universities generally award this degree.
What is a Bachelors Degree?
300
This form must be filled out for you to get federal financial aid such as grants, loans, and work-study jobs.
What is Free Application for Federal Student Aid?
300
A document you receive after your FAFSA is processed.
What is Student Aid Report? *NOTE* If you need to make any changes, you can do so by going to www.fafsa.ed.gov and select "Make Corrections to a Processed FAFSA" from the FAFSA Follow-up section.
300
This is a program designed to attract academically talented minority individuals into the teaching profession. Through this program, students enrolled in approved teacher education programs receive loans to assist with educational expenses. For students who meet all of the program's obligations, the loans are forgiven through conversion to a scholarship (gift aid).
What is the Minority Teaching Scholarship?
300
A process used to verify certain information on the FAFSA to ensure its accuracy.
What is FAFSA Verification?
300
The ACT is a national college admissions examination that consists of subject area tests in English, Mathematics, Reading, and Science.
What is the ACT?
400
A four-digit number that serves as your electronic signature on your FAFSA application. It also lets you access your personal information in various U.S. Department of Education systems.
What is a FAFSA pin number?
400
This document includes important language about rights and responsibilities as a borrower and applies to both subsidized and unsubsidized Stafford Loans.
What is a Master Promissory Note? *NOTE* Your MPN agreement is only necessary for your first year borrowing and is good for ten years. For subsequent loans, the turnaround time for disbursement of your funds each year will be faster!
400
This scholarship is available to children of workers who were seriously injured or died in a work-related accident covered and compensated by workers' compensation. A serious injury is one that led to a paid settlement or judicial award and is verified with information from the Missouri Division of Workers' Compensation.
What is the Kids' Chance Scholarship?
400
A fee charged for the use of borrowed money.
What is loan interest?
400
When a school does not review your academic qualifications as part of its college admissions process.
What is open admission?
500
A postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue for subsidized loans.
What is loan deferment? *NOTE* Unsubsidized loans that are deferred will continue to accrue interest and any accrued unpaid interest will be added to the principal balance (capitalized) of the loan(s) at the end of the deferment period.
500
A person who is 24 years old, married, a graduate or professional student, a veteran, a member of the armed forces, an orphan, a ward of the court, someone with legal dependents other than a spouse, an emancipated minor or someone who is homeless or at risk of becoming homeless.
What is an independent student?
500
This program provides scholarship funds to eligible graduates of designated high schools who attend a participating public community college or vocational/technical school, or certain private two-year vocational/technical schools.
What is the A+ Scholarship Program?
500
Federally funded need-based grant awarded to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education.
What is the Pell Grant?
500
The online college application that is accepted by more than 400 U.S. colleges and universities.
What is the Common Application?
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