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Financial Aid Jargon

Horizontales
Financial aid based on the family’s ability to pay for college.
a student who is under the age of 24 and do not meet the independent student guidelines. Most time used for federal student aid.
a financial award for students usually provided by an organization that does not have to be paid back.
The SAR summarizes information you included on the FAFSA and provides the EFC which is used to determine federal student aid.
Financial aid awarded on the basis of grades, test scores, athletic ability or other talent.
a type of financial aid that must be repaid with interest.
A free application that must be completed by all students and parents who apply for federal student aid. (Free Application for Federal Student Aid)
an on campus job that allows flexible hours for students enrolled in college.
Verticales
a student who is over 24, married, has a child, is in foster or ward of the court, active duty or veteran, emancipated minor or legal guardianship, unaccompanied homeless.
a loan that must be repaid with interest, however the interest doesn’t accrue until after the student no longer is enrolled in school at least part time.
a loan that must be repaid with interest, however the interest begins to accrue immediately when the loan is taken out.
A username and password to login to FAFSA.
The process colleges use to ensure the accuracy of the information reported on the FAFSA.
a type of financial aid that the student does not have to pay back.
a grant awarded to students based on financial need. Student must complete FAFSA to determine eligibility and the award does not have to be paid back.
a number used by FAFSA to determine how much financial aid you would receive to attend college. (Expected Family Contribution)