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northwestu.edu
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Definitions (76)
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glossary of terms
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academic year
The period in which school is in session. For Northwest University, the period is typically late August through early May.
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accrual date
The date on which interest charges on an education loan begin to accrue.
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assets
Cash in checking and savings accounts, trusts, stocks, bonds, other securities, real estate (excluding primary residence), income-producing property, business equipment, and business inventory. Consid [..]
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asset protection allowance
The portion of the parents’ assets that are not included in the calculation of the parent contribution (calculated by the Federal Methodology formula).
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associate degree
A two-year college degree.
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award letter
Official letter from the financial aid office of the college that lists all of the financial aid for which the student is eligible.
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bachelor’s degree
A four-year college degree.
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budget
The estimated cost of attendance for a student at an institution. Used to determine the maximum financial aid a student is eligible for. Typically includes tuition, fees, book, supplies, room and boar [..]
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campus-based programs
U.S. Department of Education federal student aid programs administered by colleges and universities. Includes Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG) and Feder [..]
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