judsonu.edu

Website:http://www.judsonu.edu
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Definitions (58)

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school code


For financial aid purposes, the federal ID number assigned to postsecondary educational institutions by the U.S. Department of Education. Judson's school code, also known as the Title IV Code or [..]
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academic year


The measure of academic work to be accomplished each year by a student attending a postsecondary educational institution as defined by each school.
Source: judsonu.edu

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accrued interest


Interest that accumulates and is paid in installments at a later time (usually when the principal becomes due) rather than paid on a regular schedule from the time a loan is disbursed and interest beg [..]
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adjusted gross income


The total of an individual's income on a tax return after all allowable deductions have been subtracted.
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aggregate loan limit


The maximum Federal Stafford Loan amount, subsidized and unsubsidized, students attending a postsecondary educational institution are allowed to borrow throughout their educational careers.
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alternative loan


An optional loan resource for college students, available through private agencies that are willing to lend to students for educational purposes.
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annual loan limit


The maximum Federal Stafford Loan amount, subsidized and unsubsidized, college students are allowed to borrow during a specific period. The annual loan limit for a Stafford Loan is determined by a stu [..]
Source: judsonu.edu

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award letter or award package


Financial assistance offered to a student to reduce the cost of postsecondary education. Types of awards include scholarships, grants, loans and/or work study. The combination of all awards is often r [..]
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borrower


An individual who agrees to take on the obligation of repaying a loan and accepts the terms of the loan by signing a promissory note. For financial aid purposes, students are borrowers of Federal Staf [..]
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central processing system


The computer system to which the Federal Processing Center, as contract by the U.S. Department of Education, electronically transmits FAFSA need analysis data. The CPS performs computer database match [..]
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