Key Terms
This is money that is free.
What are grants & scholarships?
This ID is necessary to file for the FAFSA.
What is the Federal Student Aid ID?
It is used to verify one's idenitity to FAFSA
This application is for undocumented/DACA status students file to file for financial aid.
What is the ORSSA?
COA
What is Cost of Attendance?
This is free money that is offered to you, but you have to work in order to get it.
What is earned money? Or what is a work study?
What does the sticker price mean?
What is the total cost of attendance before financial aid is applied?
The date you can begin to apply for the FAFSA.
What is December 1st?
This grant is eligible for Oregon high school graduates who qualify for the Pell Grant and intend to go to a 4 year school.
What is the Oregon Opportunity Grant
FAFSA
Free Application for Student Aid
The type of federal direct loan in which the government pays the interest on while the student is still in school
What is a Subsidized loan
What does the net price mean?
What is the price of attendance subtracked by the sticker price?
The FAFSA needs to be completed this often.
What is every year?
This application can be sent out to over 600 Oregon scholarships.
What is the OSAC?
EFC
What is Expected Family Income?
These types of students must submit financial information for their parents on the FAFSA
What are dependent students?
What is the gap?
What is the amount you will have to pay?
This grant is eligible for students who graduated high school in Oregon and covers the majority of the cost of community college.
What is the Oregon Promise?
SAI
What is Student Aid Index?
This determines how much finanical aid you are eligible for.
These students don't have to submit their parents information when submitting the FAFSA.
What are independent students?
These are two forms of borrowed money you will be offered.
What is the Subsidized Loan and Unsubsidized Loan?
This worksheet is used when colleges or the government require more information about your income.
What is the verification worksheet?
This is the date that the OSAC application opens.
What is November 1st?
DDX
Direct Data Exchange
Shares your tax information with FAFSA.
The type of loan in which interest accrues while the student is in school.
What is Unsubsidized loan