Paying for College Terms

1. Someone who legally agrees to take responsibility for a person's debt if they cannot repay it.
2. The largest form of student aid in the country; come in the form of government grants, loans, and work-study opportunities.
4. Expenses that help you live more comfortably.
6. Original amount of money borrowed, separate from interest or fees.
7. Student aid coming from the state or federal government, the school, or from private sources that does not need to be repaid.
8. Expenses that are essential for you to be able to live and function.
11. The actual cost a student pays to attend a school, calculated as the sticker price minus grants and scholarships.

1. Total expense of going to college which may include tuition, room and board, fees, books and supplies, transportation, health insurance, etc.
2. A free online application that current or prospective college students can submit each year to determine their eligibility for financial aid.
3. A type of aid primarily awarded for academic merit (good grades) or for something you have accomplished (volunteer work, athletics, etc) that does not need to be repaid.
4. A federal program that provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.
5. Total expense of going to college which may include tuition, room and board, fees, books and supplies, transportation, health insurance, etc. Also known as Cost of Attendance or a school's published price.
9. The report you receive after submitting your FAFSA. It contains your EFC, Pell Grant eligibility, whether you've been selected for verification, and all other information that colleges will use to determine your financial aid package.
10. An index number used to determine your eligibility for federal student financial aid.