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Definitions (21)

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Award notification/letter


This document provides information about your financial aid eligibility and details your awards and their amounts.
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Costs of attendance


These figures provide an estimate of what it costs to attend a college or university. They typically include the tuition and fees a student is charged along with the institution’s estimated cost of room and board, transportation/commuting, books, supplies and miscellaneous personal items.
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Certification date


Your instructors certify (verify) your course attendance on a certain date each semester. Certification affects your financial aid eligibility.
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direct costs


Direct costs are expenses paid to your college, such as tuition.
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disbursement


A disbursement is a payment of money.
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Expected Family Contribution


The EFC is the amount you and your family are expected to contribute toward your costs of attendance. The EFC is calculated by a Congressionally mandated formula known as Federal Methodology. The EFC is used to determine your eligibility for student financial assistance programs.
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Federal Work-Study


This campus-based program provides part-time employment to students with need who want earnings to help meet their costs.
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free application for federal student aid


This standard form collects demographic and financial information about you and your family. This information is used to calculate the Expected Family Contribution (EFC). You can fill out the FAFSA online at fafsa.ed.gov
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Grant


A grant is a form of financial aid, usually awarded based on need, that does not have to be paid back.
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indirect costs


Indirect costs are expenses you do not pay to your college, such as the cost of commuting to school.
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