Financial Aid
This term refers to the ability to obtain goods or services before payment, based on trust that payment will be made in the future.
What is Credit?
This year marks the founding of Alpha Phi Alpha Fraternity at Cornell University.
What is 1906?
This term refers to the financial plan that estimates income and expenses over a specific period.
What is a budget?
UMES is considered this type of University.
What is a Historically Black College/University?
002106
What is UMES's Federal School Code?
This is a written statement issued by the credit bureau that contains important facts about a consumer's credit activity and history.
What is a credit report?
This is the name of the chapter here at UMES.
What is the Delta NU Chapter?
These are expenses that remain constant each month, such as rent or car payments
What are fixed payments?
The place to check for things you need to complete in your Student Portal.
What is my T0-Do-List?
Two types of Federal Direct Student Loans.
What are Subsidized and Unsubsidized?
This three-digit number summarizes an individual's credit record and history.
What is a credit score?
This prominent African American Leader and Civil rights activist was on of the founding members of Alpha Phi Alpha.
Who is W.E.B DuBois?
Not distinguishing between these can lead to prioritizing non- essential items over necessities.
What are needs and wants?
Professional Pilot, PGA Golf Management, Physical Therapy, and Fashion Merchandising.
What are Unique Programs offered by UMES?
Document you must sign electronically before your loan funds can be deposited into your account.
What is the Electronic Master Promissory Note/e-MPN?
This is the term for the percentage of your credit limit that you're using, which can impact your credit score.
What is credit utilization?
This is the Greek Letter representing Alpha Phi Alpha.
What is the "AΦA" (Alpha Phi Alpha)?
This government agency insures deposits in US banks to $250,000 per depositor.
What is the Federal Deposit Insurance Corporation (FDIC)?
Basketball, Bowling, Baseball, Softball, Golf, Cross Country, Volleyball, & Track.
What are Division 1 Sports Teams?
This ID must be created by a student and parent before FAFSA can be completed.
What is the Federal Student Aid/FSA ID?
This law promotes the accuracy, fairness and privacy of information in the files of consumer reporting agencies.
What is Fair Credit Reporting Act?
This is organization of African American college students helped create and further expand the reach of Alpha Phi Alpha's impact across universities in the US.
What is the National Pan-Hellenic Council?
Ignoring the importance of this can lead to accumulating debt that could have been avoided with proper planning.
What is saving for emergencies?
UMES's Mascot.
Who is "Harry" The Hawk?