Financial Aid Terms
Name(s) of the Financial Aid Application
What is FAFSA
You will have to pay back this type of financial aid
What are federal and private student loans
This type of free financial aid can consist of outside and institutional funding without being paid back.
What are scholarships
Federal loans
What loan is best to take out
Pell and SEOG are examples of this type of aid
What are grants
This type of federal loan does not accrue interest while you are still in college
What is subsidized student loans
Tuition + Room and Board + Fees + Personal Expenses = ?
What is Cost of Attendance
What is unsubsidized loans and private loans
Work-study is a form of student employment limited to part-time during the school year, and students usually work no more than 20 hours a week. Partially funded by the federal government, this program provides financial assistance through student employment.
What is Work study
Can parents take out loans for there child to attend college
What is parent plus loan