103 Financial Aid

  • Academic Year

    This is the amount of the academic work you must complete each year, and the time period in which you are expected to complete it, as defined by your school.…

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  • Accreditation

    Confirms that the college or career school meets certain minimum academic standards, as defined by an accrediting body recognized by the U.S. Department of Education. Schools must be accredited to…

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  • Additional Eligibility

    From the 2009–10 award year through the 2010–11 award year, eligible students could receive up to two Federal Pell Grants within a single award year. The Additional Eligibility field indicates…

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  • Adjusted Gross Income (AGI)

    Gross income reduced by certain amounts. Gross income can include wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return. Deductions can…

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  • Administrative Wage Garnishment (AWG)

    A tool that allows the federal government or your guaranty agency to have your employer withhold a portion of your earnings to collect unpaid non-tax debts that you owe to…

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  • Adverse Credit History

    A credit history is a summary of your financial strength, including your history of paying bills and your ability to repay future loans. To qualify for a PLUS loan, you…

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  • Alternative Loan

    An alternative loan or private loan can be used to cover the gap between the cost of college and the amount of financial aid received in the form of grants, scholarships,…

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  • Annual Percentage Rate (APR)

    Annual Percentage Rate is the cost of borrowing money on a yearly basis, reflected as a percentage rate. Its the measure of the cost of credit expressed as a yearly…

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  • Approved Drug Rehabilitation Program

    A drug rehabilitation program that is: (1) qualified to receive funds from a federal, state or local government or from a federally or state-licensed insurance company; or (2) administered or…

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  • Associate Degree

    An undergraduate academic degree granted after completion of two years of study. Community colleges and career colleges generally award associate degrees.

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