Financial Aid 101
This is the acronym for the application used to apply for federal, state, and institutional financial aid.
What is the FAFSA?
This is the official notification sent to students from college financial aid offices listing the types of aid being offered.
What is the Financial Aid Offer?
FA&S
What is Financial Aid and Scholarships?
The priority deadline in which students are expected to have their FAFSA application submitted on an annual basis to be considered for all aid in California?
What is a March 2?
The first step in financial aid.
What is to apply using the FAFSA/CADAA?
What is CADAA?
This is the total amount students and their families are expected to pay toward college costs.
What is Estimated Family Contribution? EFC
SUG
What is State University Grant?
The priority deadline for applying 2022-2023 aid year was extended to this date.
What is April 1, 2022?
The process when a student is required to submit additional information as selected by FAFSA/CADAA?
What is verification?
This type of financial aid is often referred to as "free money" as it does not require repayment.
What is a Grant?
The federal grant that is an entitlement grant.
What is the Federal Pell Grant?
SAP
What is Satisfactory Academic Progress?
What was the document deadline?
This is the number of units in which an undergraduate student must be enrolled in to receive a student loan?
What is half-time or 6 units?
An opportunity for students to work part-time while attending college.
What is a Work-Study?
A fee charged when you take out a loan. This rate may be constant (fixed) or changing (variable).
What is Interest?
FAFSA
What is Free Application for Federal Student Aid?
This is the day that a financial aid application first becomes available every year.
October 1
The act of crediting aid to a student's account.
What is disbursement?
What is CSAC - California Student Aid Commission?
This is used for calculating aid that includes tuition, fees, and a standard allocation designed to cover reasonable living expenses while attending school.
What is Cost of Attendance or Budget?
FSEOG
What is Federal Supplemental Education Opportunity Grant?
What is 2020?
The term used to refer to excess funds given to student as a result of aid exceeding amount owed.
What is a financial aid refund?