Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

3.05

8th Stack

TermDefinition
Consolidate (financial) To combine (a number of financial accounts or funds) into a single overall account or set of accounts.
Cost of Attendance (COA) Total amount it will cost you to go to school (includes tuition and fees as well as personal expenses).
Deferment period Postponement of payment on a loan allowed under certain conditions and during which interest does not accrue.
Expected Family Contribution (EFC) An estimate of the parents' and/or student's ability to contribute to post-secondary expenses. In general, the lower the EFC, the higher the financial aid award from the college may be.
FAFSA The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post-secondary financial aid.
Financial need The difference between the cost of attending a particular school and the expected family contribution.
Forbearance Ability to stop or reduce loan payments for up to 12 months while interest is accruing.
Grant A tax-exempt financial aid that may be given for many purposes, not necessarily just for education.
Grace Period Period of time after a borrower graduates, leaves school or drops below halftime enrollment where they are not required to make certain federal loan payments.
Loan default Failure to pay a loan according to the agreed upon terms.
Loan servicer Company that collects payment on a loan.
Net price The cost of attendance minus grants and scholarships.
Personal Identification Number (PIN) A four digit number used as an electronic signature.
Scholarship 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.
Student Aid Report (SAR) A report that summarizes responses made when completing the FAFSA form.
Subsidized loan A need-based loan from the federal government, the interest of which is paid for by the U.S. Department of Education while the borrower is in school and during grace and deferment periods.
Unsubsidized loan A non-need-based loan from the federal government the interest of which is paid for by the borrower.
Work-study A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses.
Created by: ZLittle97