The academic year starts on July 1st and ends June 30th.

Academic year is defined as 36 weeks of instructional time; 12 credit hours is considered full time for the academic year

 All taxable income less IRS allowable adjustments to income. This figure is drawn from an individual's federal tax return.

 This official document is issued by the Financial Aid Office. It lists all of the amounts, sources, and types of aid in your financial aid package. The Award Letter also includes the terms and condit [..]

one or more data elements entered on the FAFSA did not match what the authorizing agency has on record for the applicant; or

 there is adverse information relating to the applicant financial aid status. Students can have a Caution Flag even if they are not selected for verification.

 These expenses include tuition, room and board, books and supplies, fees, and the student's living costs while attending school. The COA is determined by the school, using federal guidelines. 

 When a borrower fails to abide by the terms of a loan by not making payments for a specified period of time. 

 The option to postpone repayment for a period of time, under certain conditions, with permission from the lender. 

 The status of a loan when payment is late. Delinquency may be reported to a credit bureau after 30 days.