Financial Aid Glossary


November 28, 2007
by Scholarships.com Staff
Understanding college aid jargon can be tough. Learning about college requirements, school testing and financial aid applications is difficult enough. Bring snooty words and acronyms into the picture, and you’ll find yourself rereading the same sentence ten times.

Understanding college aid jargon can be tough. Learning about college requirements, school testing and financial aid applications is difficult enough. Bring snooty words and acronyms into the picture, and you’ll find yourself rereading the same sentence ten times.

To get into the college game, you have to know how to talk the talk. That’s where we come in. Scholarships.com offers you free access to a college prep and financial aid glossary that will help you decipher “advanced” school vocabulary. Before you get into the nitty gritty details of college planning, you need an overview, and we can help you with that.

Those applying for federal financial aid will need to know what a Pell grant is, how the Cost of Attendance (COA) is determined, and what the federal work study program (WSP)  has to do with their student aid report (SAR). It can be a lot to handle at first, but these are words worth knowing. You are likely to come across them when applying for aid, and when you do, you’ll know what you’re dealing with.

Such knowledge is particularly important for students who apply for loans. To make the best, most affordable choices, these students will need to know the difference between Perkins loans, Stafford loans, PLUS loans and private loans. Before signing anything, it’s important to know about Annual Percentage Rates (APR), accrued interest, loan deferment, loan defaulting and consolidation. The glossary will provide quick answers to these and other financial aid questions.

By taking advantage of the resources offered at Scholarships.com, you can feel confident about your financial aid and college planning decisions. Just breathe, and take things one step at a time. Sit down at the table with your financial aid documents and a glossary. Slowly things will begin to make sense. When you think you have the basics down, you can count on Scholarships.com for more in-depth information.

Just because there are millions of college scholarships out there doesn’t mean you have time to go searching, and many won’t even match your profile. We’ve done the work and Scholarships.com is totally free. We have the search algorithms and scholarships database, saving you time in searching, finding and applying to thousands of dollars in college scholarships. Get instantly matched to scholarships that meet your unique talents, skillset and strengths, only those you qualify for. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

    Everyone knows big-name companies such as Google or Coca-Cola...but did you know that these companies also offer scholarship opportunities to help you pay for college? That's right! If you love these quality products and services, you may be interested these generously-endowed scholarships. Check out this list of brand name scholarships offered by the companies with which you are most familiar:

Brand Name Scholarships

June 22, 2017 2:44 PM
by Susan Dutca
Everyone knows big-name companies such as Google or Coca-Cola...but did you know that these companies also offer scholarship opportunities to help you pay for college? That's right! If you love

    Independence Day, also known as the Fourth of July, is the day in which we celebrate America's independence and freedom. Education has been, and will always be a great equalizer. Even though college can be expensive, it is still a fast track towards the American Dream and can be more easily attained with the help of financial aid in the form of grants and scholarships - which do not have to be repaid! Exercise your freedom this July and help make your college education dreams more affordable with these red, white and blue July 2017 scholarships:

July 2017 Summer Scholarships

June 22, 2017 11:43 AM
by Susan Dutca
Independence Day, also known as the Fourth of July, is the day in which we celebrate America's independence and freedom. Education has been, and will always be a great equalizer. Even though
POTUS Donald Trump is pushing for apprenticeship programs and intends to support the initiative with an apprenticeship grant program of up to $200 million, with special emphasis on industries such as information technology,  healthcare, and manufacturing. The college alternative initiative hopes to attract and prepare students for great careers that do not require a four-year degree or the massive debt that often comes with those four-year degrees and even two-year degrees.

POTUS Pushing Apprenticeship Programs, Grants in 2017

June 14, 2017 11:16 AM
by Susan Dutca
POTUS Donald Trump is pushing for apprenticeship programs and intends to support the initiative with an apprenticeship grant program of up to $200 million, with special emphasis on industries such as

    Summer is finally here and fall semester may be the last thing on your mind right now. However, you may be one of the many students who need to work a summer gig, save up, or rely on your parents and student loans to help foot your fall tuition bill. While those are all legitimate options, you now have more free time (and less homework and tests), so why not take advantage of these summer scholarships? It's not too late to earn free college scholarships to help pay for school. Use your downtime wisely by applying for these summer 2017 scholarships!:

Summer 2017 Scholarships

June 2, 2017 3:47 PM
by Susan Dutca
Summer is finally here and fall semester may be the last thing on your mind right now. However, you may be one of the many students who need to work a summer gig, save up, or rely on your

    In support of lesbian, gay, bisexual, transgender, queer (LGTBQ) Pride Month this June, Scholarships.com is adding more color to its themed scholarships with scholarships for LGBTQ students and allies. Scholarships.com is dedicated to bringing equal financial aid and free college scholarship opportunities for all students.

LGBT Scholarships for Pride Month 2017

June 1, 2017 11:42 AM
by Susan Dutca
In support of lesbian, gay, bisexual, transgender, queer (LGTBQ) Pride Month this June, Scholarships.com is adding more color to its themed scholarships with scholarships for LGBTQ students and

    As we celebrate Memorial Day by honoring and remembering those who died while serving our country, we explore what it means to be American. In light of this, we've come up with a list of scholarships for Americans, based on a variety of criteria. Here you'll find free college scholarships for American citizens, college scholarships for ethnic-Americans, free college scholarships for veterans/military scholarships, and more! If you're proud to be an American and believe in the American dream – whatever that may entail, then check out these patriotic college scholarships for 2017 and help fund your American dream:

Scholarships for the American Dream

May 26, 2017 10:01 AM
by Susan Dutca
As we celebrate Memorial Day by honoring and remembering those who died while serving our country, we explore what it means to be American. In light of this, we've come up with a list of