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Definitions (44)
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1040 form
The Federal Income Tax Return. Every person who has received income during the previous year must file a form 1040 with the IRS by April 15.
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1099 form
Form used by business to report income paid to a non-employee. Banks use this form to report interest income. These are also used to show payments of retirement plans paid to individuals.
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401(k)
A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your children's education.
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academic year
This is the amount of the academic work you must complete each year, and the time period in which you are expected to complete it, as defined by your school. For example, your school’s academic year m [..]
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adjusted gross income
Your or your family's wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return. Commonly referred to as AGI.
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appeal
A formal request to have a financial aid administrator review your aid eligibility and possibly use Professional Judgment to adjust the figures. For example, if you believe the financial information o [..]
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asset
An item of value, such as a family's home, business, and farm equity, real estate, stocks, bonds, mutual funds, cash, certificates of deposit (CDs), bank accounts, trust funds and other property [..]
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award letter
An offer from the college that states the type and amount of financial aid the school is willing to provide if you accept admission and register to take classes at that school. CSUF notifies student o [..]
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award year
The academic year for which financial aid is requested (or received). The award year runs from July 1 to June 30.
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borrower
The person who receives the loan.
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