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This glossary of commonly used financial aid terms is designed to help you better understand jargon used in relation to financial aid.

 

title of EAGLEGRAM sent to students when their award package is available for viewing on WINGS.

used interchangeably with COA, the financial aid budget is the total cost of education for the student for the coming year, including tuition, fees, books, room and board, transportation, and personal [..]

when a borrower is allowed to postpone repayment of a student loan. Most federal loan programs allow students to defer their loans while they are in school at least half-time (6 or more credit hours).

A student’s dependency status determines to what degree the student is expected to have access to parental financial resources. See the definitions of dependent and independent student to determine yo [..]

When students list on their FAFSA that they have a child or legal dependent, the financial aid office may ask for documentation of that dependent, i.e. a birth certificate.

the payment of financial aid funds to a student or student account.