Financial Aid Lingo

A type of financial aid that does not have to be paid back after the student leaves school. They are available through the federal government, state agencies, and educational institutions.

• grant

• unsubsidized loan

• subsidized loan

• Parent-Plus loan

A type of financial aid that must be repaid to the government agency or other lending organization when the student leaves school.

• grant

• scholarship

• loan

• FASFA

A type of financial aid. Organizations may give these according to academic achievement, financial need, or any other basis. Usually there is a competitive application process.

• FASFA

• grant

• scholarship

• loan

This is an award of on-campus part-time employment for students who demonstrate financial need.

• federal work-study program

• financial aid

• Pell Grant

• tuition

What is the correct ending to a financial aid application (FASFA) website?

• .com

• .org

• .net

• .gov

True or False: EFC is the number used to determine your eligibility for financial aid.

• True

• False

The total estimated cost for one academic year of college or career school.

• Cost of College

• Tuition

• Cost of Attendance

Part-time jobs for students with financial need, allowing them to earn money to help pay education expenses.

• student loans

• work-study

• grants

True or False: All eligible students should apply for financial aid.

• True

• False

True or False: If my parent(s) doesn't want to pay for college then I can claim to be an independent student.

• True

• False