financialaid.ua.edu

Website:https://financialaid.ua.edu
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Definitions (42)

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Student account


An account to which your financial aid is disbursed. These funds pay your tuition and fees or receivables owed to The University of Alabama. If funds remain after fees are paid, the balance is refunde [..]
Source: financialaid.ua.edu

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ASAP


Need-based grant. Awarded to in-state students pursuing their first undergraduate degrees. Eligibility: based on exceptional need, availability of funds, and Federal Pell eligibility. Funds are limite [..]
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academic year


Starts with fall semester and ends with the summer semester.
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Campus-based programs


Sources of financial aid which include the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant and Federal Work Study. These programs have limited funds and are awarded by UA, bas [..]
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Cost of Attendance


The estimated total amount it will cost to attend the University of Alabama. It is determined by Student Financial Aid using rules established by the U.S. Congress. It is based on average costs incurr [..]
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Dependent student


Established by the Federal Government, dependency is based on:You're a dependent student for the academic year if all of the following apply to you:
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DIRECT LOAN


Direct Loans is the Department of Education's lender. The University of Alabama uses Direct Loans for Federal Stafford and Federal PLUS loans instead of private lenders such as banks.
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EFC


The amount you and/or your parents are expected to contribute toward your educational expenses as determined by a federally-mandated formula, which uses the information you provide on your FAFSA or Re [..]
Source: financialaid.ua.edu

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entrance counseling


A requirement for first time borrowers to learn about the lefts and responsibilities as a student loan borrower. Federal Stafford Loan entrance counseling must be completed online at studentloans.gov
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FAFSA


The application used to determine financial need. When completing this form for The University of Alabama, it is not necessary to complete any supplement you may have received with the FAFSA, or to pa [..]
Source: financialaid.ua.edu


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