germantownacademy.net

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Definitions (118)

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educational benefits


Funds, primarily federal, awarded to certain categories of students (veterans, children of deceased veterans or other deceased wage earners, and students with physical disabilities) to help finance their postsecondary education regardless of their ability to demonstrate need in the traditional sense.
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acceptance form


The written acknowledgment by the student of receipt of an award letter.  The form usually provides for acceptance of offered aid, possible declination of all or part of the package, and some means of requesting an appeal, if that is desired, to modify the award.  Frequently, acceptance letters and award letters are combined into a single document. [..]
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accruing interest


The cost of the loan, represented by the interest rate, is adding up prior to the repayment period or prior to a payment installment.
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adjusted available income


The portion of family income remaining after deducting federal, state, and local taxes, a living allowance, and other factors used in the Federal Need Analysis Methodology.
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adjusted gross income


All taxable income as reported on a U.S. income tax return.
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advanced placement


Credit and/or advanced standing in certain course sequences that postsecondary institutions may offer to high school students who have taken high-level courses and passed certain examinations.
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army college fund


A program that provides Army enlistees in certain job specialties and who score at least 50 on the Armed Forces Vocational Aptitude Battery educational benefits to attend college.
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army reserve student loan repayment program


Student loan repayment program available to Army Reservists; amount of repayment is based on years of service and job specialty.
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assets


 Cash on hand in checking and savings accounts; trusts, stocks, bonds, other securities; real estate (excluding home), income-producing property, business equipment, and business inventory. Considered in determining Expected Family Contribution (EFC).
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associate's degree


A degree given for successful completion of some courses of study at a two-year college.
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