Financial Aid Vocab

Front

Gift aid from colleges, employers, or organizations based on achievements or financial need.

Back

Scholarships

Front

Financial aid used for college charges (tuition, books, housing) is called...

Back

Disbursement

Front

Direct, low-interest loan; unsubsidized or subsidized; limited borrowing; 6-month grace period.

Back

Stafford Loan

Front

Loan with interest, federal, not need-based

Back

Unsubsidized Loan

Front

Controllable costs: books, transport, personal expenses

Back

Indirect costs

Front

Gift Aid from government, schools, or organizations

Back

Grants

Front

Aid from work study or loans

Back

Self-Help Aid

Front

Total cost to attend college includes tuition, books, food, fees, transportation, etc.

Back

COA

Front

FAFSA info check requires W2s, tax forms, etc.

Back

Verification

Front

Self-Help Aid based on financial need, government pays interest, max borrow $3500

Back

Subsidized Loan