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Definitions (45)
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Prorating
When there are more students eligible for MTAG awards than there is money to cover a full award for all, the money shall be distributed proportionately.
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academic year
A period of time (typically nine (9) months) schools use to measure a quantity of study. For example, a school’s academic year may consist of a fall and spring semester during which a full-time under [..]
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application process
In order to qualify each year, the student must complete the on-line web application and submit to the state financial aid office all supporting documentation (if requested) by the designated deadline [..]
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Award letter
An award letter from a school or MOSFA states the type and amount of financial aid each is willing to provide if you accept admission and enroll to take classes at that school. See Eligible Instituti [..]
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Cost of Attendance
(Also known as the Cost of Education) The total amount it will cost a student to go to school – usually expressed as a yearly figure. It’s determined using rules established by federal law. The stud [..]
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Dependent student
A student who is required to provide parental information on the financial aid application because the student does not meet the criteria for independent student in the Higher Education Act of 1965 as [..]
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Dual credit
These courses count for both high school and college credit. This can save time and money in pursuing a college degree. Students who have not yet graduated from high school but are taking college co [..]
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dual credit
These courses count for both high school and college credit. This can save time and money in pursuing a college degree. Students who have not yet graduated from high school but are taking college co [..]
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Expected Family Contribution
The expected family contribution (EFC) is a measure of the family’s financial strength and indicates how much the student and the family resources (for dependent students) should be able to help pay f [..]
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Family
The term “family” for a dependent recipient means the recipient, the applicant’s parents, and other children under the age of twenty-one (21) of the recipient’s parents.
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