A program with earlier deadlines and earlier notification dates than the regular admissions process. Unfortunately, this means the student has accepted the offer of admission before they find out about the financial aid package. Any transfer of funds that is initiated through electronic means, such as data transmission by computer rather than a paper based transaction, such as a check. Non-citizens who hold student visas or exchange visitor visas are not eligible for Federal student aid. Funds owned by an institution and invested to produce income to support the operation of the institution.
Many educational institutions use a portion of their endowment income for financial aid.
Entitlement programs award funds to all qualified applicants. The Pell Grant is an example of such a program. EFC is calculated based on family earnings, net assets, savings, size of family and number of students in college. See Loan Interviews. Sallie Mae's loan administration and origination service offered to lenders.