Aid or benefits available because a student is in school and is counted after need is determined. Outside scholarships, prepaid tuition plans and VA educational benefits are examples of outside resour [..]

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The Federal Income Tax Return. Every person who has received income during the previous year must file a form 1040 with the IRS by April 15.

Form used by business to report income paid to a non-employee. Banks use this form to report interest income.

A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your children's education.

The period during which school is in session, consisting of at least 30 weeks of instructional time. The school year typically runs from the beginning of September through the end of May at most colle [..]

To accumulate.

The date on which interest charges on an educational loan begin to accrue. See also Subsidized Loan

A collection of tests that measure the student's proficiency and accumulated knowledge of specific subject areas. Different schools require different achievement tests as part of their admissions [..]

In the Federal Methodology, the remaining income after the allowances (taxes and a basic living allowance) have been subtracted.