Know your College Vocab!

Student's concentrated field of study, usually chosen at the end of the sophomore year.

Parent loan for undergraduate students.

The cost of classes, labs, and miscellaneous fees (health services fee, student activities fee)

Total cost including tuition, room & board, books, transportation, fees, and personal expenses.

States the type and amount of financial aid the school is willing to provide if you accept admission and register 

Need-based with interest paid by the government and payments deferred as long as the student is enrolled in college.

A form of gift aid based upon your GPA, academic excellence and extracurricular activities.

These are based on financial need, like loans, but do not have to be paid back

A specialized career-focused program, typically 5 or 6 courses, taken over 3 to 18 months.

College or university funded by private sources. The cost is usually higher.

A standardized undergraduate application used by more than 400 colleges for admission.

Prerequisite

Room & Board

Permanent residence is a different state than that of college or university which student hopes to attend. More $$

Students who are not accepted or rejected by a college and who may be offered admission if space becomes available

The difference between the cost of attending a college and your expected family contribution.

Schools use these examinations to place students in courses—often required for math and foreign language.

They do not have to be paid back. Awarded based on Academics, Service, Athletics, etc.

A brief composition on a single subject, required by many colleges as part of the application process for admission.

3-hour exam measuring verbal, math, grammar and ability to write a brief essay.

A school that includes graduate students (Master's degrees).

Often referred to as a "four year"institution, which grants the bachelor's degree in Liberal Arts or Science or both.

A college or university that receives public funding.

Can be earned at most community colleges.

Student's secondary field of study, requires fewer credits than a major.

ACT

A post-secondary school that focuses on broad skills in thinking and writing rather than pre-professional skills

Can be earned at four-year college/university.

Nonbinding — students receive an early response to their application but do not have to commit until May 1.

Average of grade points earned from grades earned in high school classes.

Work part time during the school year as part of the financial aid package, usually on campus.

A form of financial aid provided by the Federal government to students whose FAFSA indicates high $$ need (free $).

Type of financial aid that is available to students, based on need, but must be paid back after graduation.

No interest accrues while in college. Interest rate is lower, repayment grace period is longer than other loans.

Free Application for Federal Student Aid; determines how much financial aid a student may receive.

Students make a commitment to enroll at the college if admitted and offered financial aid

Office that decides how much money a student will receive in grants and loans