Glossary of Common Financial Aid Terms

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The world of Financial Aid can be a swirl of confusing acronyms. The following is a list of commonly used acronyms and abbreviations to help guide you through FAA talk.

ACT - American College Testing Program

AGI - Adjusted Gross Income

ATB - Ability To Benefit (See Federal Eligibility Requirements)

COA - Cost of Attendance-- estimated student expense budgets

ED - The Department of Education administers the federal financial aid program

EAP - Electronic Application Processing

EFC - Expected (or Estimated) Family Contribution as determined by federal methodology

ESAR - An Electronic Student Aid Report is the information a school receives electronically when a student    includes a school's Title IV code on the FAFSA when applying for financial aid.

FAA - Financial Aid Administrator- the staff of a college's financial aid office

FAFSA - The Free Application for Federal Student Aid is the initial application for any/all of the federal Title IV programs.

FAO - Financial Aid Office (or Officer)

FSEOG -  Supplemental Educational Opportunity Grants are additional grants given to Pell eligible students.

FWS - Federal Work Study-- on-campus and community service jobs partially Federally funded that are offered to students who show unmet need

GED - General Education Degree-- the equivalent of a high school diploma administered through a high school equivalency program.

GPA - Grade Point Average

PELL - Federal PELL grants are basic entitlement grants awarded to students through the Title IV financial aid program

SAP - Satisfactory Academic Progress. A student must be making satisfactory academic progress as defined by BCCC for students to receive financial aid

SAR - A Student Aid Report is a letter sent to the applicant after the federal processor has processed a student's FAFSA

SSN - Social Security Number

VA - Veterans Administration