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Definitions (23)
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HELPFUL TOOLS
HATHAWAY CALCULATOR MAJOR & CAREER DECISION TREE PRE-COLLEGE PROGRAM SEARCH Glossary 529 College Sav [..]
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AMERICAN COLLEGE TEST
One of the two national standardized college entrance examinations used in the US. The other is the SAT. The ACT is widely used in the West and Midwest. Most universities require either the ACT or the [..]
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associate’s degree
The degree granted by two-year colleges (such as the community colleges in Wyoming).
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Bachelor's degree
The undergraduate degree granted by four-year colleges and universities (such as University of Wyoming).
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Cost of Attendance
(Also known as the cost of education or "budget") The total amount it should cost the student to go to school, including tuition and fees, room and board, allowances for books and supplies, [..]
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Direct Loan Program
A federal program through which the U.S. Department of Education offers four types of student loans: subsidized Federal Stafford Loans, unsubsidized Federal Stafford Loans, Federal Parent Loans for Un [..]
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Expected Family Contribution
The amount a family can reasonably be expected to pay for a student's education, calculated by the Central Processing System based on the information contained on the Free Application for Federal [..]
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Federal Family Education Loan Program
FFELP is one of two parallel federal education loan programs. The other is the Direct Loan program. Both offer the same sets of loans (e.g., Stafford, PLUS and Consolidation loans) with only slight di [..]
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Financial aid
Money provided to the student and the family to help them pay for the student's education or which is conditioned on the student's attendance at an educational institution. Major forms of fi [..]
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