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Financial Aid vocabulary - (copy)


AB
academicrelated to school
accuratecorrect, true
aidassistance
appeala request for a decision to be reconsidered
approveto agree with, feel positively about
assistto help
awardan amount of money that you will receive
balancethe rest of (something), the remainder
basisa foundation, base, the reason for (something)
circumstances(the) situation
comply (with)to do what you must do or are asked to do
consist (of)to be made of or contain several parts or things
dataspecific information or facts
deadlinethe date by which something must be done
deductto subtract, take away from the total
denyto give a negative answer, refuse, not agree with or allow
dependenta person who relies on someone for financial support
disburseto hand out, give out
documentto take detailed notes down to later prove something
donora person or group who gives something, esp. money, to help someone or an organization
earnto make money (through work)
eligibleable or allowed to do something
enrollto officially join or enter a school, program, etc.
federalrelated to a country’s central government (not to its states)
fileto record something on an official document such as a tax return, a complaint, a law case, etc.
fundsmoney
good standinggood or satisfactory rank or position
grantan amount of money given to a person or organization (does not need to be repaid)
grossbefore taxes
incomethe amount of money someone makes
indicateto show something exists or is true
interestthe extra amount of money paid on a loan
joint returna tax return filed by a married couple
loanan amount of money lent to a person or organization (must be repaid, with interest usually)
merit-baseddecided based on the quality of someone’s work (not on who has the greatest need)
need-baseddecided based on who has the greatest need (not on who does the best work)
netafter taxes
notifyto inform officially
obtainto get something, esp. through effort
out-of-pockethas to be paid by you, not by your employer or a company
outstandingnot yet dealt with, solved, or paid
overrideto be regarded as more important than something else
policyan officially agreed on way of doing something
processto deal with information in an official way
progressforward movement (towards a goal)
prohibitto not allow, to prevent
proveto show that something is definitely true
qualify (for)to have a right to have or do something
recipientperson who is sent or given something
recommendto suggest someone or something to receive something good, a job, etc.
refundwhat you paid for something that is returned to you
remainto stay on, to still be left
repayto pay back
requireto need something, to make it necessary
reimburseto pay back money already paid
scam(informal) a dishonest plan to get money
scholarshipmoney given to students to help pay for education, usually for a particular reason (does not have to be paid back)
stateto formally give information or an opinion (spoken or written)
submitto turn in a document for approval, consideration, etc.
tax returna tax form done every April with that year’s salary, etc.
termsthe conditions of an agreement, contract, legal document, etc.
tipa helpful piece of information
transcripta student’s academic record at a particular school
tuitionthe money a student pays to attend a school or college
variable ratethe amount paid for something which does not stay the same
verifyto check that something is accurate or true
waiveto state officially that a right or rule can be ignored because it’s not useful or important at this time
withdrawto drop out of a class or a school
work-studya job that a student does on a college campus to earn money for their education
subsidizedpartially paid for (usually by the government or an agency)