Higher Education Vocabulary

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Across
  1. 4. An application used by many colleges, universities, and scholarship programs to award their own institutional financial aid.
  2. 5. Money awarded to students that does not have to be repaid, and is based on academic or other achievement, to help pay for education expenses.
  3. 9. Ability to temporarily pause or reduce loan payments for up to 12 months while interest is accruing.
  4. 10. A needs-based Federal loan for undergraduate students. The interest IS paid by the government while the student is in school full-time, or during deferment or grace period.
  5. 11. Money in the form of grants, scholarships and loans that pay for education expenses like tuition and fees.
  6. 12. Theperiod of time after a borrower graduates, leaves school or drops below half-time enrollment where they are not required to make certain federal student loan payments.
  7. 14. A financial aid program that provides federally-funded, part-time jobs for students to help pay for their education expenses.
  8. 18. The difference between how much college of your choice costs and how much your family can pay.
Down
  1. 1. A tax-advantaged savings plan designed to help pay for education.
  2. 2. A non-need-based federal student loan. The interest is NOT paid by the government while the student is in school full-time, or during deferment or grace period. Students are responsible for this interest..
  3. 3. The common name for the form prepared annually to determine eligibility for post‐secondary federal student aid and other scholarships and grants.
  4. 6. A report that summarizes your basic eligibility information you provided on the FAFSA estimates your federal aid eligibility.
  5. 7. Scholarships & Loans
  6. 8. The real cost of college after financial aid is taken off. It’s what you actually pay. It includes things like tuition, housing, and fees, minus grants and scholarships.
  7. 13. Tax‐exempt financial aid that may be given for education-related expenses. Does NOT need to be paid back.
  8. 15. A number that is calculated by a student’s FAFSA. The government uses this to determine eligibility for need based financial aid.
  9. 16. Postponement of payment on a student loan allowed under certain conditions and during which interest does not accrue.
  10. 17. Grant, Loans & Work Study