scholarships.iub.edu

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Definitions (53)

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award


For the purposes of the Scholarship Search Service service, an award is a scholarship, fellowship, or other form of financial aid.
Source: scholarships.iub.edu

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Award Notice


A notice for students that lists financial aid awarded by the Office of Student Financial Assistance (OSFA) and tells students what to do next to receive funding from that office. Only prospective freshmen packaged with aid prior to June will receive paper notifications by mail. All other students will receive a notification by email.
Source: scholarships.iub.edu

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Basis


For the purposes of the Scholarship Search Service service, this refers to whether recipients for a particular scholarship or fellowship are selected on the basis of their financial need, their personal merit characteristics, or both financial need and personal merit.
Source: scholarships.iub.edu

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Campus-Based Aid


Three programs administered by the Office of Student Financial Assistance (OSFA) and funded by the federal government. They include Federal Perkins Loans, need-based Federal Supplemental Educational Opportunity Grants for undergraduates, and Federal Work-Study.
Source: scholarships.iub.edu

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Campus-based Aid


Three programs administered by the Office of Student Financial Assistance (OSFA) and funded by the federal government. They include Federal Perkins Loans, need-based Federal Supplemental Educational Opportunity Grants for undergraduates, and Federal Work-Study.
Source: scholarships.iub.edu

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campus-based aid


Three programs administered by the Office of Student Financial Assistance (OSFA) and funded by the federal government. They include Federal Perkins Loans, need-based Federal Supplemental Educational Opportunity Grants for undergraduates, and Federal Work-Study.
Source: scholarships.iub.edu

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Cost of Attendance


The Office of Student Financial Assistance (OSFA)’s estimate of the price for a student to attend IU for one academic year. This estimate includes standard costs for tuition, mandatory fees, room, board (food), books, local transportation, and reasonable personal costs (e.g. for doing laundry).
Source: scholarships.iub.edu

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Dependent student


Most students under 24 years of age are considered dependent for financial aid purposes. The parents' income of a dependent student is included when calculating a student’s financial need from the Free Application for Federal Student Aid (FAFSA). This helps determine a student’s eligibility for scholarships, grants, and loans that are based on [..]
Source: scholarships.iub.edu

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Ethnicity


A person’s self-identification with an ethnic group. For the purposes of the Scholarship Search Service, those ethnic groups include African American or Black, Native American or Alaska Native, Asian or Pacific Islander, Hispanic or Latino/a, and White. Students are given the option of indicating their ethnicity on their application for admission. [..]
Source: scholarships.iub.edu

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Expected Family Contribution


The amount the federal government expects a student and family to contribute toward the cost of attendance, based on the family's income and assets as reported on the Free Application for Federal Student Aid (FAFSA). Also known as total family contribution (TFC). The EFC is used to determine a student's financial need.
Source: scholarships.iub.edu


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