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Definitions (73)
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academic year
One year period between July 1 and June 30
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accrual date
The date on which interest loan interest begins.
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adjusted available income
The Federal methodology of calculating available income. Involves subtracting living expenses and taxes from total income.
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assets
Cash in bank accounts, trusts, stocks, bonds, securities, income-producing property, real estate (not including home), business equipment, and business inventory. Used to determine expected family con [..]
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assistantship
Usually a student teaching or research position, used to earn money to cover school expenses.
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award letter
Official letter from a school’s financial aid office, containing all of the aid awarded to the student for the academic year.
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bursar’s office
Office at a university that is responsible for billing and collection of other expenses included in school tuition bill.
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campus-based programs
Federal student aid programs administered by colleges and universities. Includes Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work-Study (FWS).
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cost of attendance
Total cost of attendance the financial aid representative estimates a student will incur throughout their college education, subtract all financial aid.
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