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Definitions (63)
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Overaward
a situation in which the student's financial aid exceeds the calculated financial need. Federal student aid programs do not allow overawards.
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academic year
the measure of the academic work to be accomplished by a student each year as defined by the University, which has two semesters that contain at least 30 weeks of instructional time in which a full-ti [..]
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award year
the period of time between fall term and the end of the following summer session.
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Accrued interest
interest that accumulates on the unpaid balance of your loan.
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Campus-based programs
collective term that refers to the Federal Work-Study program and Federal Perkins Loan.
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Capitalizing interest
adding unpaid, accumulated interest to the loan principal, increasing the total loan cost.
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Central Processing System
the system that receives your need analysis data. The CPS calculates your official expected family contribution (EFC).
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Cost of Attendance
your anticipated expense to attend college. Includes tuition, fees, housing, food, transportation, books and supplies, personal expenses, and other costs, depending on individual circumstances.
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Deferment
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DELINQUENCY
this occurs when loan payments are late or missed, as specified in the terms of the promissory note and the selected repayment plan.
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