One year period between July 1 and June 30

The date on which interest loan interest begins.

The Federal methodology of calculating available income. Involves subtracting living expenses and taxes from total income.

Cash in bank accounts, trusts, stocks, bonds, securities, income-producing property, real estate (not including home), business equipment, and business inventory. Used to determine expected family con [..]

Parent’s assets that do not count toward EFC.

Usually a student teaching or research position, used to earn money to cover school expenses.

Official letter from a school’s financial aid office, containing all of the aid awarded to the student for the academic year.

Office at a university that is responsible for billing and collection of other expenses included in school tuition bill.

Federal student aid programs administered by colleges and universities. Includes Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work-Study (FWS).

Total cost of attendance the financial aid representative estimates a student will incur throughout their college education, subtract all financial aid.