Acronyms
FAFSA
What is the Free Application for Federal Student Aid?
Awarded based on demonstrated financial need
What is need-based financial aid?
This type of federal loan does not accrue interest while the student is in school.
What is a Subsidized Loan?
This admissions application type is binding.
What is early decision?
Oldest college in the US.
What is Harvard College?
SAI
What is the Student Aid Index?
Awarded based on academic or extracurricular achievement.
What is merit-based financial aid?
This type of loan is available to all students, regardless of financial need, but interest accrues immediately.
What is an Unsubsidized Loan?
The tax year you will be using to complete your financial aid applications (FAFSA, CSS).
What is 2024?
The first college to adopt test-optional policies.
What is Bowdoin College?
COA
When financial need is NOT considered in the admissions process.
What is need-blind admissions?
These loans are taken out by parents to help pay for their child's undergraduate education.
What is a Parent PLUS loan?
A type of college that promotes academic exploration across disciplines (science, humanities, social sciences, etc).
What is a liberal arts college?
Year College Horizons was founded.
What is 1998?
FWS
What is Federal Work Study?
Four main types of financial aid
What are scholarships, grants, work study, and student loans?
This is the grace period after graduation during which no federal loan payments are required.
What is a 6-month grace period?
The true total amount that a student will pay to attend a college.
What is the net price?
University with the most powerful laser in the country
What is the University of Rochester?
CSS Profile
What is the College Scholarship Service Profile?
Four main sources of financial aid
What is the federal government, state government, institutions (colleges) and private (org, businesses, etc) sources?
Caps your monthly payment based on your income and family size.
What is an Income-driven Repayment Plan (IDR)?
The costs associated with attending college that are not paid to the university.
What are indirect costs?
First co-educational college in New England.
What is Bates College?