WorksheetsCh 7 Vocab - College Planning
Total questions: 23
Worksheet time: 23mins
Definition: Financial aid that does not need to be repaid; generally based on financial need.
loan
warranty
grant
tax
Definition: an undergraduate degree from a college or university, usually completed after four or five years of study.
Bachelor's Degree
Associate's Degree
Master's Degree
Doctoral Degree
Definition: federal student loans that aren't based on a student's financial need and start accruing interest immediately.
parent plus loans
unsubsidized loans
family federal education loans
subsidized loans
Definition: federal student loans that are based on a student's financial need and don't accrue interest for a set period of time.
payday loans
subsidized loans
high risk loans
reverse mortgages
Definition: A program that allows students to work part time while continuing their studies.
scholarship
occupation
grant
work-study
Definition: a course that needs to be completed before a student can enroll in a second course.
scholarship
replacement
timing
prerequisite
Definition: Loans made by banks, credit unions, or other organizations with terms and conditions set by the lender including higher or variable interest rates.
private student loans
parent plus loans
direct subsidized loan
federal student loans
Definition: The percentage of students who finish the program they began.
click-through rate
failure rate
completion rate
incidence rate
Definition: Any form of financial aid that doesn't need to be repaid.
gift aid
federal student aid
private loan
scholarship
Definition: Debt payments are held off for or until a certain time but interest continues to accrue.
escalation
modification
scholarship
forbearance
Definition: All education that takes place after high school.
vocational education
community college
bachelor's degree
postsecondary education
Definition: a set of tests that qualify students to earn college credit if they pass them.
CLEP
SATA
ACE
NPACE
Definition: the federal application required to receive any financial aid, including scholarships, grants, or loans offered through a college or university.
FAFSA
CLEP
EFC
FICA
Definition: the percentage of the labor force that is unemployed.
Inflation rate
foreign exchange rate
unemployment rate
Interest rate
Definition: a 2 or 3 year postsecondary undergraduate degree.
Master's Degree
Doctoral Degree
Associate's Degree
Phd/doctorate
Definition: financial aid that does not need to be repaid; usually awarded based on achievements.
grant
loan
tuition
scholarship
Definition: a document that shows whether or not you are eligible for federal student aid.
student activity report
financial aid award letter
student aid report
state aid reporting
Definition: the total cost of education expenses needed for a student to attend an educational institution.
contract price
list price
annual fee
net price
Definition: When debt payments are held off for or until a certain time and no interest accrues.
cumulative
deferred
accelerated
immediate
Definition: An award presented to students who display high educational excellence.
bachelor's degree
associate's degree
corporate scholarship
academic scholarship
Definition: The measurement of gain or loss generated on an investment relative to the amount of money invested.
Return on Equity (roe)
Return on Investment (ROI)
Return on Assets (roa)
Net present Value (npv)
Definition: A letter sent by a college or university that explains attendance costs and details about a student's financial aid package.
Financial aid award letter
FAFSA submission summary (FSS)
Gift aid
Student aid report
Definition: Loans made by the government with terms and conditions set by law; often have a lower fixed interest rate.
Direct plus loans
Federal student loans
Direct subsidized loans
Private student loans
