BK_24.25 Financial Aid Key Terms

Front

What does FAFSA stand for?

Back

Free Application for Federal Student Aid

Front

What does SAI stand for?

Back

Student Aid Index

Front

What does SAI tell you?

Back

The number that indicates a student's eligibility for federal financial aid

Front

Which are NOT state grants? EOP, TAP, Pell, HEOP

Back

Pell

Front

A _ is money given that needs to be paid back with interest.

Back

loan

Front

_ is money that does not need to be repaid

Back

Grants

Front

_ is awarded so that you're eligible for a student job to offset the cost of education, but is not always guaranteed.

Back

work study, work-study

Front

Loans administered by the college/ university with low interest rates and favorable repayment.

Back

Institutional

Front

Loans administered by the federal gov't that are subsidized or unsubsidized with low/fixed rates.

Back

Federal

Front

Loans that are administered by banks or credit unions that have high variable interest rates

Back

Private