Financial Aid Acronyms

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When it comes to Financial Aid, Student Loans and dealing with the US Department of Education, you will notice a wide ever increasing number of acronyms. To name a few, there is FAFSA, ACT, SAT, FDSLP. Some people look at these terms and go, huh? But the act is, you need to know what they mean if you are going to be successful and obtaining financial aid. To find out more about financial aid and what these acronymes mean, keep reading... 

The Financial Aid Acronym Guide For Students

ACT      American College Testing Program

AFDC    Aid to Families with Dependent Children

AP        Advanced Placement

BIA       Bureau of Indian Affairs

CLEP     College-Level Examination Program

COA      Cost of Attendance

CPS      Central Processing System

CSS      College Scholarship Service

CWS     College Work-Study

ED        US Department of Education

EFC       Expected Family Contribution

EFT       Electronic Funds Transfer

ELO       Expanded Lending Option

ESAR     Electronic Student Aid Report

ETS      Educational Testing Service

FAA      Financial Aid Administrator

FAF      Financial Aid Form

FAFSA   Free Application for Federal Student Aid

FAO      Financial Aid Office

FAT      Financial Aid Transcript

FDSLP   Federal Direct Student Loan Program

FFELP    Federal Family Education Loan Program

FSEOG   Federal Supplemental Educational Opportunity Grant

FM        Federal Methodology

FWS      Federal Work-Study

GPA       Grade Point Average

GSL       Guaranteed Student Loan

HEAL     Health Education Assistance Loan

HHS      US Department of Health and Human Services

HPSL     Health Profession Student Loan

IM        Institutional Methodology

IRA       Individual Retirement Account

IRS       Internal Revenue Service

ISIR      Institutional Student Information Report

MDE      Multiple Data Entry

NHSC    National Health Corps Scholarship

NMSQT  National Merit Scholarship Qualifying Test

NSL       Nursing Student Loan

PC        Parent Contribution

PCL       Primary Care Loan

PHEAA   Pennsylvania Higher Education Assistance Agency

PJ         Professional Judgment

PLUS     Parent Loan for Undergraduate Students

PSAT     Preliminary Scholastic Assessment Test

RA        Research Assistantship

ROTC    Reserve Officer Training Corps

SAP      Satisfactory Academic Progress

SAR      Student Aid Report

SAT      Scholastic Assessment Test

SC        Student Contribution

SEOG    Supplemental Educational Opportunity Grant

SLMA    Student Loan Marketing Association

SLS       Supplemental Loan for Students

SSIG     State Student Incentive Grants

TA        Teaching Assistantship

TOEFL   Test Of English As A Foreign Language

USED     US Department of Education

VA        Veterans Administration

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