Vocabulary
Money that is given or lent to students in order to help pay for their education.
What is Financial Aid
This is the core component of every college student's bill.
What is tuition.
A loan that allows students and parent/guardians to borrow money for college directly from the federal government.
What are federal loans.
Perkins Loan, Stafford Loan, and Plus Loan
What are 3 types of Federal loans.
Things that would be nice to have, but you can live without.
What are wants?
A sum of money given by a government or other organization for a particular purpose.
What is a grant.
You are expected to pay for these in order to attend your classes. You can also rent them or check them out from the library for a couple of hours.
What are books and supplies.
Employment from an entity outside of the school.
What is a job.
Unsubsidized loan offered to graduate students and parents of undergraduate students. You pay all the interest.
What is a PLUS loan?
When you send money to someone else over the Internet.
What is a e-transfer?
Specialized education designed to develop or strengthen specific career skills.
What is a certificate program?
You have the option of a single, double, or quad. Either on campus or off campus.
What is room and board.
A sum of money given by the government or other organization for a particular purpose.
What is a grant.
Failure to pay a loan according to the agreed upon terms.
What is loan default?
A fee someone pays to borrow money
What is interest?
Offered by private lenders to provide funds to pay for educational expenses. Not part of the federal student loan program.
What is a Private Loan.
This is how you will get to your classes.
What is transportation.
Part time employment through a federal or state government program.
What is a work study.
Time period allowed to get financially settled.
What is a grace period.
A card that lets you pay for things electronically, directly from your personal bank account
What is a debit card?
A federal or State funded financial program that assists college students in getting part -time jobs while at school.
What is a work study.
These fees included items such as laundry, food, groceries, and toiletries.
What are personal expenses.
a grant or payment made to support a student's education, awarded on the basis of academic or other achievement.
What is a scholarship.
Allows you to stop making payments on a loan for a select period of time and no interest is charged.
What is Loan Deferement.
Things you spend money on
What are expenses?