Income tax withheld by an employer; this is a pay-as-you-go tax.

The Federal Work Study Program, also known as “FWS” or “work-study” is a form of federal financial-aid that affords students part-time job opportunities to help pay their tuition. Work-study is a need [..]

A loan without a set interest rate, meaning that the rate will not necessarily remain the same throughout the life of the loan.

A grant offered to students who agree to teach in low-income areas upon graduation. The Teacher Education Assistance for College and Higher Education (TEACH) grant requires that recipients complete ce [..]

A type of loan that is not based on financial need. The student is responsible for paying all interest on an unsubsidized loan.

A form filed with the IRS or a state or local tax collection agency to determine one’s income tax and any other additional taxes.

A form students receive after their FAFSA application has been submitted. The report provides students with their Expected Family Contribution, or EFC.

A type of loan based on financial need. While a student is still enrolled in school, the federal government pays the interest accrued on subsidized loans.

Also known as prepaid tuition, a 529 plan is an account offered by an individual state or private company that helps people save for college by offering either tax advantages or the ability to lock-in [..]

A loan taken out from a private, for-profit loan company. Whereas federal loans are designed to support academic financing, private loans are typically intended for any. Private loans may have fewer b [..]