SS Final Exam

Manages the financial affairs of a school

• FAFSA

• Bursar

• Work-Study

• SAR

Determined by a student's financial need

• FAFSA

• Need Blind

• COA

• Need-Based

Money that is owed

• Bursar

• Loan

• Debt

• Interest

Based on a student's skill or ability

• Need-Based

• Front-Loading

• Merit-Based

• Award Letter

Work-Study

• Allows students to work part time to help pay for school

• How much the government thinks your family can afford for your school

• Is sent to the schools you listed on the FASFA

• When the school offers a generous financial aid packet the 1st year of your school

Need Blind

• When applicants are judged solely on their merits irrespective of their ability to pay

• Based on a student's financial need

• When a student's EFC does not meet their

  COA

• Money charged to borrow money

Scholarship

• When a student borrows money for school

• Money charged to borrow money

• A grant made to support a student's education

• It is sent to the schools you listed on the FAFSA

Grant

• When a student borrows money to pay for school

• Money given to a student to help pay for school & they do not have to pay it back

• Allows a student to pay for tuition in installments

• The price charged for the instruction from teachers at a school

Loan

• a grant made to support a student's education

• manages the financial affairs of a school

• based on a student's fiancial need

• When a student borrows money to pay for school and has to pay it back later

COA

• The total amount it will cost a student to attend a school

• room and board

• tuition

• demonstrated need