Acronyms
SAR
What is Student Aid Report?
The general guidelines given to schools are provided by this entity
What is the Department of Education?
Grants, scholarships, loans, and work-study
What are the four different types of Financial Aid?
The total number of points per credit hours earned
What is a Grade Point Average (GPA)?
True or False: Student loans are free money and don't have to be repaid.
False
SAP
What is Satisfactory Academic Progress?
The maximum amount of Pell that a student can receive for the 2021-2022 academic year
What is $6,496?
Monetary awards given to students in recognition of academic achievement or financial need
What are scholarships?
Student must meet or exceed a cumulative GPA of 2.0 and a cumulative completion rate of 67%
What is Satisfactory Academic Progress?
This type of financial aid must be paid back 6 months after graduation or if you withdrawal from school or take less than 6 credits
What is Federal Direct Student loans?
FFELP
What is Federal Family Educational Loan Program?
The typical minimum GPA to maintain Federal Satisfactory Progress
What is 2.0?
Money awarded to student than can be earned by working on campus
What is work-study?
A student failing to meet with the minimum GPA or completion rate the first time.
What is a warning?
Non-federal education loans that are borrowed by the parent of an undergraduate student
What is Parent Plus Loan (PPL)?