| A | B |
|---|
| Consolidate | (financial) To combine (a number of financial accounts or funds) into a single overall account or set of accounts |
| Cost of Attendance | Total amount it will cost you to go to school (includes tuition and fees as well as personal expenses) |
| Deferment Period | Postponement of payment on a loan allowed under certain conditions and during which interest does not accrue |
| Expected Family Contribution | An estimate of the parents' and/or student's ability to contribute to post‐ secondary expenses |
| FAFSA | The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post‐secondary financial aid |
| Financial Need | The difference between the cost of attending a particular school and the expected family contribution. |
| Forbearance | Ability to stop or reduce loan payments for up to 12 months while interest is accruing |
| Grant | A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education |
