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untaxed income


 all income you receive that's not taxed or may not be reported to the IRS, including the untaxed portion of Social Security benefits, Earned Income Credit, welfare payments, interest on tax-free [..]
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don't let the jaron get in the way of coming up with a plan. here is a list of commonly used words in financial aid. ability-to-benefit test


 one of the ways to determine eligibility for federal aid for students who aren't high school graduates or don't have a GED certificate.
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assets


 an item of value, such as home equity, other real estate, stocks, bonds, cash savings, trust funds, money market funds, college savings plans, retirement plans and prepaid tuition plans (the FAFSA do [..]
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cal grant extended awards


 your Cal Grant may be extended an additional year if you're getting a teaching credential or are attending a mandatory five-year program; see Request for Cal Grants Fifth Year Benefits.
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california residency


 you're considered a California resident if you're an unmarried student, under 18, and your parents have been legal California residents for one year prior to the year in which you are apply [..]
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campus-based aid


 the three federal programs administered by colleges: Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant and Federal Work-Study.
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capitalization


 when interest is added to the principal balance of a loan rather than being paid as it accrues; any future interest is based on the higher loan amount.
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citizen/national


 U.S. citizens
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cost of attendance


 the total cost of college for the school year as calculated by colleges, including tuition, fees, books, supplies, transportation, food, housing, personal expenses, and sometimes the rental or purcha [..]
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css/financial aid profile


 the financial aid application administered by the College Board required by some independent colleges and scholarship organizations to award private aid; only available online.
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