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FAFSA application form online Expected family contribution How to apply for the financial aid you need
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Student loan consolidation
FAFSA Application
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STUDENT LOAN CONSOLIDATION GLOSSARYFFAFSA (Free Application for Federal Student Aid) Family education loan Federal Federal government Federal loan Federal plus loan Federal subsidized loan Financial institutions Financial need Fine Fixed interest rate Form Fraud Funds F FAFSA (Free Application for Federal Student Aid) A form required by the government for application to any federal education aid program. The FAFSA is used to determine the expected family contribution based on family financial information. A FAFSA is used to determine the specific Federal Student Aid programs that can contribute to a student's total financial aid package and in what proportions. Family education loan Funds for these programs are provided by private lenders and the loans are guaranteed by the federal government. Federal Central: relating to a political unit established on a federal basis, especially its central government. Federal government The central government of a federation. Federal loan Loans guaranteed by the US government. Federal plus loan The Federal PLUS Loan is an affordable, low-interest loan designed to help parents pay for their child's college education. This is a government loan meaning that it is guaranteed (or insured) by the federal government. The loan allows the parent to fund the entire cost of education. Federal subsidized loan The Federal government pays the interest on a Federal Subsidized student loan during in School status, grace period, and authorized deferment periods. To qualify for a Federal Subsidized student loan, a student must demonstrate financial need. Financial institutions Banking, Insurance, Investment Banking, Savings Institutions, Trust Companies. Financial need The difference between the students’ cost of attendance and the expected family contribution. The formula is Expected Family Contribution – Cost of Attendance. Fine Money extracted as a penalty. Fixed interest rate An interest rate that does not change during the loan term. Form A document, usually with blank spaces for answers or information to be supplied. Fraud Crime of cheating people: the crime of obtaining money or some other benefit by deliberate deception. Funds Available money, ready cash, saved or invested for a particular purpose. An organization that manages a sum of money for a particular purpose. | ||||||||||
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