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