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| Financial Aid Vocabulary | ||||||||||||||||
| Financial Aid Home | ||||||||||||||||
| College Advisement Home | ||||||||||||||||
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| FAFSA: The Free Application for Federal and Student Aid.� This is the required application form for all need-based Federal aid programs.�Documentation may include photocopies of your parents' Federal income tax returns, medical and dental expenses not paid by insurance, changes in income and other specialized forms. | ||||||||||||||||
| Family Contribution: The amount which the family (parent and student) is expected to contribute towards meeting educational costs.�Calculated from a complete completed need analysis. | ||||||||||||||||
| FFAA: Florida Financial Aid Application. This form is found on the web and should be filed before the end of a student?s senior year.� In state financial aid (including Bright Futures Scholarships) can not be awarded unless this form is completed.� | ||||||||||||||||
| Financial Aid Package �- is any combination of scholarships, grants, loans and work funds used by the postsecondary institution to assist the student in meeting the costs of education. | ||||||||||||||||
| Need : Refers to the difference between the resources available to the student (from parents, student savings, summer jobs) and the student's cost of education budget. | ||||||||||||||||
| PROFILE: Many colleges and universities and scholarship programs require information collected on this supplemental form to help them award private, nonfederal student aid funds.� PROFILE is a program of the College Scholarship Service (CSS) the financial aid division of the College Board. | ||||||||||||||||
| S.A.R.: The Student Aid Report is the report sent from the federal processing center to the student after he or she has completed the FAFSA.� The information on the SAR should be carefully verified. | ||||||||||||||||
| Scholarship �- Financial aid usually awarded some form of talent: academic, athletic, musical, artistic, etc. Scholarships do not usually have to be repaid. | ||||||||||||||||