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WorksheetsPF OBJ 3.03 - 3.05 Vocab
Total questions: 23
Worksheet time: 12mins
remediation
Sequences of increasingly advanced courses designed to bring academically under-prepared students to the academic skill level expected when entering higher education
A strategy in which you start with the end goal and plan backwards to determine the steps needed to get to that end goal
A series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation
The demand for a particular job when you are qualified and ready to enter the field
Backwards planning
A strategy in which you start with the end goal and plan backwards to determine the steps needed to get to that end goal
A series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation
A standard tool that calculates whether a borrower will have difficulty meeting his or her loan repayment obligations
The demand for a particular job when you are qualified and ready to enter the field
Career pathway
A series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation
A standard tool that calculates whether a borrower will have difficulty meeting his or her loan repayment obligations
The demand for a particular job when you are qualified and ready to enter the field
Sequences of increasingly advanced courses designed to bring academically underprepared students to the academic skill level expected when entering higher education
Debt‐to‐income ratio
a standard tool that calculates whether a borrower will have difficulty meeting his or her loan repayment obligations
Postponement of payment on a loan allowed under certain conditions and during which interest does not accrue
Ability to stop or reduce loan payments for up to 12 months while interest is accruing
The cost of attendance minus grants and scholarships.
Job Outlook
The demand for a particular job when you are qualified and ready to enter the field
The cost of attendance minus grants and scholarships.
A report that summarizes responses made when completing the FAFSA form
Ability to stop or reduce loan payments for up to 12 months while interest is accruing
Consolidate
(financial) To combine (a number of financial accounts or funds) into a single overall account or set of accounts
Total amount it will cost you to go to school (includes tuition and fees as well as personal expenses).
Ability to stop or reduce loan payments for up to 12 months while interest is accruing
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
Cost of Attendance (COA)
Total amount it will cost you to go to school (includes tuition and fees as well as personal expenses).
The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post‐secondary financial aid
The difference between the cost of attending a particular school and the expected family contribution.
Failure to pay a loan according to the agreed upon terms
Deferment period
Postponement of payment on a loan allowed under certain conditions and during which interest does not accrue
The difference between the cost of attending a particular school and the expected family contribution
A four digit number used as an electronic signature
A report that summarizes responses made when completing the FAFSA form
Expected Family Contribution (EFC)
An estimate of the parents' and/or student's ability to contribute to postsecondary expenses. In general, the lower the EFC, the higher the financial aid award from the college may be.
The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post‐secondary financial aid
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
Failure to pay a loan according to the agreed upon terms
11 Loan
FAFSA
The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post‐secondary financial aid
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
A report that summarizes responses made when completing the FAFSA form
Financial need
The difference between the cost of attending a particular school and the expected family contribution
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
A four digit number used as an electronic signature
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Forbearance
Ability to stop or reduce loan payments for up to 12 months while interest is accruing
Period of time after a borrower graduates, leaves school or drops below halftime enrollment where they are not required to make certain federal loan payments
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Grant
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
A four digit number used as an electronic signature
A report that summarizes responses made when completing the FAFSA form
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Grace Period
Period of time after a borrower graduates, leaves school or drops below halftime enrollment where they are not required to make certain federal loan payments
Failure to pay a loan according to the agreed upon terms
A report that summarizes responses made when completing the FAFSA form
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Loan default
Failure to pay a loan according to the agreed upon terms
Company that collects payment on a loan
A report that summarizes responses made when completing the FAFSA form
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Loan servicer
Company that collects payment on a loan
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
A need‐based loan from the federal government, the interest of which is paid for by the U.S. Department of Education while the borrower is in school and during grace and deferment periods.
A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses
Net price
The cost of attendance minus grants and scholarships.
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
The difference between the cost of attending a particular school and the expected family contribution.
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
Personal Identification Number (PIN)
A four digit number used as an electronic signature
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
Scholarship
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
A need‐based loan from the federal government, the interest of which is paid for by the U.S. Department of Education while the borrower is in school and during grace and deferment periods.
A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
Student Aid Report (SAR)
A report that summarizes responses made when completing the FAFSA form
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
The cost of attendance minus grants and scholarships.
Failure to pay a loan according to the agreed upon terms
Subsidized loan
A need‐based loan from the federal government, the interest of which is paid for by the U.S. Department of Education while the borrower is in school and during grace and deferment periods.
A report that summarizes responses made when completing the FAFSA form
A four digit number used as an electronic signature
The cost of attendance minus grants and scholarships.
Unsubsidized loan
A non‐need‐based loan from the federal government, the interest of which is paid for by the borrower
Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses
The cost of attendance minus grants and scholarships.
Failure to pay a loan according to the agreed upon terms
Work‐study
A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
A report that summarizes responses made when completing the FAFSA form
The cost of attendance minus grants and scholarships.
A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education
