Helpful Terms

The is a form completed by current and prospective college students to determine their eligibility for student financial aid.

Most states and colleges also use the FAFSA to determine which students get financial aid鈥攁nd how much they鈥檒l get.

The FAFSA asks for information about you and your family鈥檚 finances, including tax returns, so you鈥檒l need your parents鈥 help to complete it, if considered a dependent student by the Department of Education.

An eligibility index that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The SAI is calculated according to a formula specified in law and is based upon the information provided by the student and their family on the Free Application for Federal Student Aid (FAFSA).

The information you report on your FAFSA form is used to calculate your SAI.听 橙子影院 will use the SAI to determine your federal and state student aid eligibility and financial aid award.

Your SAI is not听the amount of money your family will have to pay for college听nor听is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive.

The FAFSA Submission Summary (FSS) is a paper or electronic document that gives you some basic information about your eligibility for federal student aid and lists your answers to the questions on your FAFSA.

If you provided a valid e-mail address on your FAFSA, you will receive an e-mail with instructions on how to access an online copy of your FSS. Typically, you will be able to access your FSS within two weeks of filing your FAFSA.

Note:听Any student with an听 can view or print his/her FSS by clicking Log In听on the听FAFSA on the Web听home page to log in, then selecting听View or Print your FAFSA Submission Summary (FSS)听from the “My FAFSA” page.

An offer to the student from the school’s financial aid office. It contains various types of aid to assist in听 covering the cost of education. 橙子影院 award packages are electronic. View your award details via .

The estimated total cost of attending an institution for one academic year. This amount may include the following:

  • Estimated charges for one academic year of tuition and fees
    • Tuition 鈥 Charges assessed for classes and/or other coursework
    • Fees 鈥 Charges assessed for other college services (e.g. technology access, recreational center use)
  • Housing 鈥 Includes residence hall charges for on-campus students or an estimate of rent and utilities for an off-campus student
  • Food 鈥 Includes the cost of a meal plan and/or an estimate of the costs of food prepared at home
  • Estimated transportation and parking costs
  • Estimated costs for books and supplies
  • Purchase or rental of a computer
  • Miscellaneous costs such as personal hygiene, laundry, and reasonable entertainment
  • Other costs specific to certain student circumstances related to attendance, such as dependent care during periods of class attendance or study, expenses related to disabilities, study abroad, educational loan fees, and others
  • Student health insurance costs

Charges included in the听Cost of Attendance听that the student/family pays directly to the college.

Estimated expenses in the听Cost of Attendance听that are not paid directly to the institution.

The student’s Cost of Attendance minus their Student Aid Index.

Amount of direct and indirect costs remaining after all听Gift Aid听is applied. Net price can be covered through a variety of sources, including: savings, income, and education loans.

A form of financial aid that must be repaid. Educational loans have varying fees, interest rates, repayment terms, and/or borrower protections.

Academic workload (or course load), as defined by the institution, in which a student is enrolled for a defined academic period. This normally relates to the number of credit hours or clock hours taken by a student during a given academic period (e.g. full-time, three-quarter-time, half-time, less-than-half-time).

Level of the degree-granting program in which a student is enrolled. Program levels may include: undergraduate (students seeking an associate degree, an undergraduate certificate, or a baccalaureate degree); post-baccalaureate (such as teacher certification); or graduate (students working on a master’s degree, graduate certificate, doctorate, or professional degree). The amounts and types of financial aid for which a student is eligible is determined, in part, by their program level.

Funds awarded to the student that do not have to be repaid, unless the student fails to meet certain criteria, such as a service requirement that is specified as a condition of the gift aid or not completing the period for which the aid was awarded. Gift aid can include awards with titles such as grants, scholarships, remissions, awards, waivers, etc. Gift aid can be awarded based upon many factors, including (but not limited to) financial need, academic excellence, athletic, musical, and/or theatrical talent, affiliation with various groups, and/or career aspirations.

Gift Aid听that is typically based on financial need.

Gift Aid听that is typically based on merit, such as, academic excellence, talent, affiliation with various groups, or career aspirations or a combination of merit and need.

Aid paid by federal or institutional funds, for hours worked by student.

Learn more about听.

An institution’s expectation that a student contribute toward their education using a combination of loans, student employment such as Federal Work-Study, and/or savings.

The student’s Cost of Attendance, minus their Student Aid Index, less any need-based aid received, such as Gift Aid, Federal Work-Study or Federal Direct Subsidized Loans.

A federally mandated process to confirm the accuracy of data provided by selected applicants on the Free Application for Federal Student Aid (FAFSA). To complete the verification process, the student, their parent(s), or spouse, if applicable, are required to provide certain documents to the school for review. If the documentation the student provides the institution doesn’t match what was reported on the FAFSA, verification can result in changes to the student’s financial aid eligibility, and/or financial aid offers.