Section 1

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The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.

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Last updated

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Date created

Mar 1, 2020

Cards (13)

Section 1

(13 cards)

The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.

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Need Based Financial Aid

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an undergraduate academic degree awarded by community colleges, junior colleges, technical colleges, bachelor's degree-granting colleges, and universities upon completion of a course of study usually lasting two years.

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Associate's Degree

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Universities not operated by governments, although many receive tax breaks, public student loans, and grants. Depending on their location, private universities may be subject to government regulation. This is in contrast to public universities and national universities.

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Private University

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A copy of a student's permanent high school record

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Transcript

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lodging and food, typically forming part of someone's wages or included in some other agreement.

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Room and Board

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the teaching staff of a university or college, or of one of its departments or divisions, viewed as a body.

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Faculty

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short for coeducational, indicates an institution that teaches both males and females.

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Coed

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a college providing courses in a range of practical subjects, such as information technology, applied sciences, engineering, agriculture, and secretarial skills.

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Technical College

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a financial award that a college bound student may receive based on high school success

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Merit Based Financial Aid

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In American English, college and university are generally used interchangeably, but there are some subtle differences between them. University usually denotes a school that offers full undergraduate and graduate programs, while colleges usually offer more narrow programs and may have no graduate studies at all.

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College Vs University

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a university that is predominantly funded by public means through a national or sub national government, as opposed to private universities.

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Public University

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Grade Point Average

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GPA

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a sum of money charged for teaching or instruction by a school, college, or university.

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Tuition

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