| A | B |
|---|
| A standard tool that calculates whether a borrower will have difficulty meeting his or her loan repayment obligation | Deb‐to‐income ratio |
| A strategy in which you visualize your goal as achieved and work backwards to where you are now to determine the steps you would have to have taken to achieve your goal. | Backwards Planning |
| The demand for a particular job when you are qualified and ready to enter the field | Job Outlook |
| A series of connected education and training programs that allow you to secure a job and then to advance within an industry or occupation | Career Pathway |
| Sequences of increasingly advanced courses designed to bring academically underprepared students to the academic skill level expected when entering higher education | Remediation |
| The common name for the Free Application for Federal Student Aid form prepared annually to determine eligibility for post‐secondary financial aid | FASFA |
| The difference between the cost of attending a particular school and the expected family contribution. | Financial Need |
| Ability to stop or reduce loan payments for up to 12 months while interest is accruing | Forebearance |
| Failure to pay a loan according to the agreed upon terms | Loan Default |
| A report that summarizes responses made when completing the FAFSA form | Student Aid report (SAR) |
| A federal program that provides part time employment opportunities for students with financial need, allowing them to earn money to help pay educational expenses | Work-Study |
| (financial) To combine (a number of financial accounts or funds) into a single overall account or set of accounts | Consolidate |
| An estimate of the parents' and/or student's ability to contribute to postsecondary expenses. In general, the lower the EFC, the higher the financial aid award from the college may be. | Expected family Contribution EFC |
| A tax‐exempt financial aid that may be given for many purposes, not necessarily just for education | Grant |
| Money awarded to students that does not have to be repaid and is based on academic or other achievement to help pay for education expenses | Scholarship |
