CSS - Terms 6 Flashcards
An amount of money charged by a school per term, per course, or per credit, in exchange for instruction and training. Generally does not include the cost of textbooks, room and board, and other fees.
Tuition
AKA “housing and meals”, typically one of the costs that colleges and universities will list in their annual estimated cost of attendance, in addition to tuition, fees, and textbooks and supplies. If students choose to live in dormitories, they may be required to buy into a meal plan to use on-campus dining facilities.
Room and board
An amount of money charged by colleges and universities, in addition to their tuition, to cover costs of services such as libraries, parking and computer technology.
Fees
All types of money offered to a student to help pay tuition, fees, and other educational expenses. This can include loans, grants, scholarships, and work-study jobs.
Financial aid
A student who is enrolled at a college or university and is taking at least the minimum number of credits required by the school for a full course load.For financial aid purposes more than 12 credits.
Full-time student
A student who is enrolled at a college or university but is not taking the minimum number of credits required for a full course load. For financial aid purposes less than 12 credits.
Part-time student
A student who does not meet a state’s residence requirements. A college or university may have different tuition costs and admissions policies for residents versus nonresidents. In most cases, international students are considered nonresidents.
Nonresident
(Free Application for Federal Student Aid): Application used by U.S. citizens and permanent residents to apply for financial aid from U.S. federal and state governments. International students are not eligible for U.S. government aid, but schools may ask international students to submit a FAFSA to determine financial need.
FAFSA
Financial aid that is awarded to students due to their financial inability to pay the full cost of attending a specific college or university, rather than specifically because of their grades or other merit.
Need-based financial aid
A type of financial aid awarded by a college or university to students who have demonstrated special academic ability or talents, regardless of their financial need. Usually has specific requirements if students want to continue to receive it, such as maintaining a certain GPA.
Merit aid
A type of financial aid that consists of an amount of money that is given to someone for a period of time, with an agreement that it will be repaid later.
Loan
A type of financial aid that consists of an amount of free money given to a student by a school, individual, organization, company, charity, or federal or state government.
Scholarship
A type of financial aid that consists of an amount of free money given to a student, often by the federal or a state government, a company, a school, or a charity. A grant does not have to be repaid.
Grant
A financial aid program funded by the U.S. federal government that allows undergraduate or graduate students to work part time on campus or with approved off-campus employers. To participate in work-study, students must complete the FAFSA.
Work-study
A nine-digit number issued by the U.S. government to people who are authorized to work in the United States and collect certain government benefits. Many colleges and universities use the Social Security number as the student identification number.
Social Security number
