Financial Aid Terminology

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Across
  1. 5. Amount of the cost of attendance that the government thinks your family can pay. Based on formula using information from FAFSA, including family income and size.
  2. 6. The price of classes. Does not include room and board, textbooks, or other fees.
  3. 7. Payment of federal student aid funds to the borrower by the school. Students generally receive their federal student loan in two or more disbursements.
  4. 10. An offer from a college or career school that states the type and amount of financial aid the school is willing to provide if you accept admission and register to take classes at that school.
Down
  1. 1. A binding legal document that you must sign when you get a federal student loan.
  2. 2. The approximate total cost for attendance including tuition and fees, room and board, books and supplies, transportation, personal expenses, and miscellaneous costs.
  3. 3. Financial aid that needs to be paid back. Can be given by the government, the college, or by private groups. Government loans generally have lower interest rates and more options for forgiveness
  4. 4. Individual package of loans, grants, scholarships, and work study, determined by each college, based on your FAFSA and expected family contribution.
  5. 8. Financial aid that doesn’t need to be paid back. Given out as wages in exchange for working for the college, a government agency, or a private business.
  6. 9. Financial aid that doesn’t need to be paid back. Can be given by the government, the college, or by private groups.