funds provided through the work and effort of the student, including savings, income from present earnings, or a loan to be repaid.

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A period during which a student is subject to increased scrutiny of their academic achievements due to a previous history of academic difficulty. A student on academic probation is not eligible for any financial aid.

): the period during which school is in session, consisting of  at least 30 weeks of instructional time during which a full-time student is expected to complete at least 36 quarter hours at a school measuring program length in credit hours; the student's enrollment period for which financial assistance/aid is awarded. The federal definition of [..]

amount of interest that accumulates on the unpaid balance of a student or parent loan.  Accrued interest adds to the amount you owe if you do not pay it when due.

all taxable income as reported on a US income tax return used to perform the need analysis.

a combination of financial aid (scholarships, grants, loans, and/or work-study) offered by the financial aid office of a college or university.

an official document issued by a school's financial aid office that lists the amount of financial assistance offered to a student through financial aid programs to pay for education costs. The award letter includes the terms and conditions for receiving  and  maintaining eligibility for financial aid.   The award letter gives students the oppo [..]

the academic year (the time period between July 1 of one year and June 30 of the following year) for which financial aid is requested or received.

the January - December tax year preceding the award year for which aid is requested (i.e., the 2013 tax year is the base year for the 2014-2015 award year).