Glossary of Terms

Direct Loan
A Direct Loan is a federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students and parents borrow direct...
Mon, 15 Feb, 2016 at 8:16 AM
Direct PLUS Loan
A Direct PLUS Loan is a loan made by the U.S. Department of Education (ED) to graduate or professional students and parents of dependent undergraduate stud...
Mon, 15 Feb, 2016 at 11:51 AM
Discretionary Income
Discretionary income is your what is left of your income after the deduction of taxes, other mandatory charge and expenditures on necessary items. ...
Fri, 12 Feb, 2016 at 12:28 PM
Federal Family Education Loan (FFEL) Program
Under the Federal Family Education Loan (FFEL) program, private lenders provided loans to students that were guaranteed by the federal government. ...
Fri, 12 Feb, 2016 at 12:45 PM
Federal Pell Grant
A Federal Pell Grant is a federal grant for undergraduate students with financial need. It is one of the most common types of federal grants. Grant...
Mon, 15 Feb, 2016 at 8:20 AM
Federal Perkins Loan
A Federal Perkins Loan is a federal student loan, made by the recipient's school, for undergraduate and graduate students who demonstrate financial need...
Mon, 15 Feb, 2016 at 8:21 AM
Federal Student Aid
Federal student aid is financial aid from the federal government to help you pay for education expenses at an eligible college or career school. Gr...
Fri, 12 Feb, 2016 at 11:54 AM
Federal Student Aid PIN
The Federal Student Aid PIN was an electronic personal identification number that served as a student’s or parent’s identifier to allow access to p...
Mon, 15 Feb, 2016 at 8:22 AM
Federal Student Loan
A federal student loan is a loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must re...
Mon, 15 Feb, 2016 at 11:48 AM
Federal Work Study
Federal work study is a federal student aid program that provides part-time employment while you are enrolled in school to help pay your education ...
Fri, 12 Feb, 2016 at 11:43 AM