The number of credit hours taken by a student each term. Generally you must be enrolled at least half-time (and in some cases full-time) to qualify for financial aid. Students are packaged for financi [..]

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An offer that states the type and amount of financial aid the school will disburse to you if you accept admission and register to take classes at that school  Award letters also include a breakdown of [..]

The school year for which financial aid is used to fund your education. WOU’s standard Award Year is Fall Term, Winter Term, and Spring Term. Summer Term is optional, and is the end of any given Award [..]

 

The addition of unpaid interest to the principal balance of a loan. When the interest is not paid as it accrues during periods of in-school status, the grace period, deferment, or forbearance, your le [..]

Also known as Dual Enrollment. A program in which students must formally participate if they would like their combined enrollment at two different institutions to be counted toward their Enrollment Le [..]

If financial aid disbursements exceed the charges assessed to a student’s account, a credit balance will result and will generate a refund. (See Disbursement and Refund).

See IRS Data Retrieval Tool.

Failure to repay a loan according to the terms agreed to in the Master Promissory Note. Federal student loan default occurs after 270 days of no payments made, unless the borrower has been granted def [..]