An acronym for the online form that determines eligibility for financial assistance
What is the Free Application for Federal Student Aid (FAFSA)?
100
A financial aid award that does not have to be repaid, usually need based
What is a Grant?
100
A plan of operation expressed in terms of financial or other resource requirements for a specific period
of time.
What is a Budget?
100
A four digit number used to gain access to your debit or credit card
What is a PIN number?
100
An account that lets you store cash that you don't want to immediately use
What is a savings account?
200
In Student Services Building, windows 13 and 14.
Where is Financial Aid at SF State?
200
A loan you don't have to pay interest on while you're in school, but you will have to pay after you graduate
What is a Subsidized Loan?
200
Money received on a regular basis from work or through investments.
What is Income?
200
A number ranging from 300-850 that's based on your past credit history (good or bad)
What is a credit score?
200
An account that allows access to funds that can be spent immediately
What is a checking account?
300
The office responsible for student payments (ex. pay tuition here)
What is the Bursar's Office?
300
A loan that begins accruing interest as soon as you accept it
What is an Unsubsidized Loan?
300
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing
What is Capital?
300
A non-profit bank that has low interest rates
What is a credit union?
300
A way to have your paycheck added into your bank account instead of being given a physical check
What is direct deposit?
400
A financial aid program that lets you work on campus part time where your salary goes towards your tuition
What is Work Study?
400
Free money that doesn't have to be paid back (usually merit-based)
What is a Scholarship?
400
These are the expenses that you do not have to change month to month.
Ex: Rent, Car payments, and insurance.
What are Fixed Expenses?
400
A yearly cost on the balance of your credit card
What is annual percentage rate (APR)?
400
A fee charged when a withdrawal from your bank account exceeds the available balance
What is an overdraft fee?
500
A document that lists all of the info a student puts on the FAFSA
What is the Student Aid Report (SAR)?
500
A loan that must be taken out by your parents and can cover the entire cost of college
What is the PLUS Loan?
500
Expenses that will vary month to month.
Ex:Telephone, groceries, entertainment, electric bill
What are some examples of Variable Expenses?
500
An organization that protects your money up until $250,000
What is the Federal Deposit Insurance Corporation (FDIC)?
500
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.