HPF - Mid-term Vocab Review #3

Front

Improving education for under-prepared students to expected skill level.

Back

remediation

Front

Combine into a single account, often for student loans.

Back

consolidate

Front

Total cost to attend school, including tuition, fees, and personal expenses.

Back

Cost of Attendance (COA)

Front

Time a borrower can postpone interest or principal payments on a loan.

Back

determent period

Front

Estimated contribution by parents/students for post-secondary expenses (FAFSA):

Back

expected family contribution (EFC)

Front

Financial aid that doesn't need to be repaid.

Back

grant

Front

Period after school when federal loan payments aren't required (typically 6 months).

Back

grace period

Front

Failure to pay a loan as agreed.

Back

loan default

Front

Report summarizing FAFSA responses

Back

Student aid report (SAR)

Front

Need-based loan from federal govt; interest paid by US Dept Educ while in school & grace period.

Back

subsidized student loan