Financial Aid, A to Z.
Found a word your’re not sure about? Here’s a list of some terms you might come
across along the way.
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SAR
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Student Aid Report. This report summarizes the information entered on your FAFSA form, and shows the amount of your Expected Family Contribution. |
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Satisfactory Academic Progress
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To be eligible to receive federal student financial aid, you must meet and maintain your school’s standards of satisfactory academic progress toward a degree or certificate. Check with your school to find out its standards. |
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Scholarships
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These funds are given to, or earned by, students, and are to be used for tuition. There are numerous public and private sources for scholarships. Some are given based on need, some on merit or skill. Others have very specific stipulations on who can receive the scholarship. |
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Selective Service Registration
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In order to be eligible for federal student aid, you must register with the Selective Service if: –You are a male born on or after Jan. 1, 1960, and –You are at least 18 years old, and –You are not currently on active duty in the U.S. Armed Forces. Citizens of the Federated States of Micronesia, the Republic of the Marshall Islands or the Republic of Palau are exempt from registering. |
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Student Aid Report
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Your Student Aid Report (SAR) summarizes the information you submit on your Free Application for Federal Student Aid (FAFSA) and provides you with your Expected Family Contribution (EFC). After you apply for federal student financial aid, you'll get your FAFSA results in an e-mail report by the next business day after your FAFSA has been processed, or by mail within 7-10 days. This report is called a Student Aid Report, or SAR. Your SAR details all the information you provided on your FAFSA. If there are no corrections or additional information you must provide, the SAR will contain your Expected Family Contribution (EFC), which is the number that’s used to determine your eligibility for federal student aid. Whether you applied online or by paper, we will automatically send your data electronically to the schools you listed on your FAFSA. |
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Student Contribution
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This is the amount a student is expected to contribute to his or her educational expenses. |
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SUB
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Subsidized Federal Stafford Loan. (See Federal Stafford Loan, above.) |
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Subsidized
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A loan for which a borrower is not responsible for the interest while in an in-school, grace or deferment status. Subsidized loans include Direct Subsidized, Direct Subsidized Consolidation Loans, Federal Subsidized Stafford Loans and Federal Subsidized Consolidation Loans. |