The Federal Work-Study program provides jobs for undergraduates and graduate students who demonstrate financial need, allowing them to earn money to help pay education expenses.  Jobs are either on ca [..]

Loans on which the student is responsible for paying from the date of disbursement until the loan is paid in full, regardless of enrollment status.  The federal government does not pay the interest on [..]

The report you receive after you submit your FAFSA.  The SAR summarizes the information on your FAFSA. The schools you list on your application receive electronic copies of your SAR.  If that informat [..]

State funding coordinated by the state agency that provides grants to needy state residents who meet certain eligibility criteria and are pursuing post-secondary education.

Awards that do not usually have to be paid back. They are given to students who demonstrate or show promise of high achievement in areas such as academics, athletics, music, art or other disciplines.  [..]

The binding legal contract between the lender and the borrower. By signing this note, the borrower is obligated to repay the loan as agreed upon in the terms of the contract.

Personal Identification Number. Your PIN serves as your electronic signature and gives you access to your personal records with the Department of Education.  A pin allows applicants to complete the FA [..]

A database of federal student loan borrowers. If you are a borrower and would like to find out information about your student loans, use the NSLDS Financial Aid Review service, operated by the U.S. De [..]

The agency or institution that repays lenders in the event of a default in the FFEL Program.

  Financial aid that does not have to be repaid. Generally, grants are for undergraduate students, and the grant amount is based on need, school cost, and enrollment status.