Glossary of Terms

Assets
-Cash in checking and savings accounts, trusts, stocks, bonds, and other securities, real estate (excluding home), income-producing property, business equipment, and business inventory. Considered in determining expected family contribution (EFC).
Bursar
-Keeper of the Purse (or just Billing)
COA
-Cost of Attendance
Dependency Status
-A student's dependency status determines the degree to which the student has access to parent financial resources.
EFC
-Expected Family Contribution
Enrollment Status
-Indication of whether student attends full or part time. Typically students must be enrolled at least half time (and in some cases full time) to qualify for financial aid
FSAID
-Federal Student Aid Identification
Federal Stafford Loan
-Federally-guaranteed, low-interest rate for students. There are two types of Federal Stafford loans: subsidized (need-based) and unsubsidized (non-need-based).
Gift Aid
-Grant/Scholarship (aid that does not have to be repaid)
Merit
-Aid Miami University Scholarships
Net Price
-True price students will pay out of pocket
NSLDS
-National Student Loan Data System
PLUS Loans
-(Parent Loans for Undergraduate Students) -Federal loans available to parents of dependent undergraduate students to help finance their child's education.
SAP
-Satisfactory Academic Progress
SAR
-Student Aid Report
SEOG
-Supplemental Education Opportunity Grant | Federal grant program for undergraduate students with exceptional need.
Work Study
-A program that allows students to take a part-time campus job as part of their financial aid package.