The process by which financial aid funds are made available to students for use in meeting educational and related living expenses. Funds may be disbursed directly to the student, or applied to the student's account. This is a program under which gifted high school juniors who have exhausted what their school can offer academically, skip their senior year and go on to college. This is a program under which a student applies to a school, usually prior to the normal application deadline, and agrees to attend, if admitted, assuming the financial package is acceptable. A federally guaranteed, low-interest loan for parents to assist with college costs.
Eligibility is based on credit-worthiness.
Federal Pell Grant Federal grant program for undergraduate students who demonstrate financial need and have not yet completed a first baccalaureate course of study. Federal Stafford Loan Federally guaranteed, low-interest rate loan for students. Both types allow deferment of payments until a student leaves school. The interest on a subsidized loan is paid by the government while the student is in school, whereas with unsubsidized loans, the interest begins when the loan is funded but payments can be deferred until principal payments begin. An individual responsible for preparing and communicating information pertaining to student loans, grants, or scholarships and employment programs, and for advising, awarding, reporting, counseling, and supervising office functions related to student financial aid.