Eco w/ PFL Unit 3 Vocab

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Postsecondary Education

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Refers to any education beyond high school, including programs such as college, university, vocational training, or trade schools.

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Vocational Training

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Focuses on providing individuals with the specific skills and knowledge needed for a particular trade or occupation.

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FAFSA (Free Application for Federal Student Aid)

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Form that students in the United States fill out to apply for federal financial aid for college or graduate school.

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TASFA (Texas Application for State Financial Aid)

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An application form used by eligible non-U.S. citizens to apply for state financial aid in Texas.

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Student Grant

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A type of financial aid that does not need to be repaid.

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Subsidized Loans

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Student loans where the government pays the interest while the borrower is in school at least half-time, during the grace period after leaving school, and during deferment periods.

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Unsubsidized Loans

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Student loans where the borrower is responsible for all the interest that accrues, including while in school.

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Work Study

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Programs that provide students with part-time employment opportunities to help them earn money to pay for educational expenses.

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Form W-2

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A document used to report an employee's annual wages and the amount of taxes withheld from their paycheck by their employer.

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Form W-4

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A document employees use to inform their employer how much tax to withhold from their paycheck.