The day interest charges on an educational loan begin to accrue.

(ACG)

The estimate of a student's cost of attending SWOSU. Same as Cost of Attendance.

Programs administered by SWOSU, using annual federal allocations. They include Federal Supplemental Educational Opportunity Grants (FSEOG) and Federal Work Study.

The process of adding unpaid interest to the principal balance of an educational loan, thereby increasing the total amount to be repaid.

When interest is capitalized, it's added each month to the loan principal instead of being charged to you. This makes the principal grow each month. Since interest is a percentage of the principal, the interest also grows each month. When repayment begins, you pay more total interest than you would if you'd paid it as it was charged - you [..]

Federal offices in Iowa or Illinois that receive FAFSA data, check students' eligibility, and compute Expected Family Contributions (EFC).

United States immigration status you must have in order to receive federal student aid.

A loan program that allows a borrower to combine various educational loans into one new loan. By extending the repayment period (up to 30 years depending on the loan amount) and allowing a single monthly payment, consolidation can make loan repayment easier for some borrowers. But since interest rates can be higher after this procedure, it is not r [..]

An estimate of a student's tuition, fees, books, room, board, transportation, and personal costs related to attending SWOSU. This is typically the maximum amount of aid a student can receive in a term. Aid received in excess of this limit must be returned to its source. Same as budget.