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| Unemployment rate | is the percentage of people in the labor force who are unemployed: |
| Post secondary education | is a broad term that describes any formal education that takes place after high school, including vocational and academic programs |
| Bachelor's degree | a degree that is given to a student by a college or university usually after four years of study. |
| Prerequisites | a thing that is required as a prior condition for something else to happen or exist: |
| Associate Degree | a degree that is given to a student who has completed two years of study at a junior college, college, or university in the U.S. |
| Private Student Loans | a type of loan can be used to pay for college costs, but they come from a bank, credit union or online lender rather than the federal government. |
| Federal student loan | a type of loan that is offered by the U.S. Department of Education to help students pay for higher education. lower interest rates and more flexible repayment |
| Subsidized loans | a type of federal student loan available to undergrads who demonstrate financial need. Lender pays the charges on the loan and lower interest rate. |
| Deferred | withheld over a certain period; postponed |
| unsubsidized loans | a type of federal student loan that requires the recipient to pay interest on the loan as soon as it is funded. |
| FAFSA (Free application for federal student aid) | is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. |
| Forbearance | refers to the temporary postponement of loan payments, typically for a mortgage or student loan |
| Gift Aid | is assistance received that does not typically have to be repaid. |
| Student Aid Report | is a document that communicates your eligibility for federal student aid |
| Financial Aid Award Letter | known as the student aid package or school offer, tells you what financial aid you can get at a particular school. The award letter is specific to that university or college, so you’ll receive a different letter from every school that accepts you as an incoming student |
| Scholarship | a form of financial aid awarded to students for further education. Awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need. |
| Grant | an amount of money that a government or other institution gives to an individual or to an organization for a particular purpose such as education |
| Work-Study | is a type of financial aid program that provides part-time jobs for students to help pay for college-related expenses |
| Academic Scholarship | a grant or payment made to support a student's education, awarded on the basis of academic or other achievement: |
| C.L.E.P. (College level examination program) | which enables students to earn college credit for introductory-level courses by achieving satisfactory scores on subject-specific tests. |
| Return of Investment (R.O.I.) | represents the financial benefit received from a particular business investment, it measures what you get back compared to what you put in. |
| Net Price | the college’s annual cost of attendance minus the grants, scholarships, tuition waivers and other gift aid a student receives for one year of college. |
| ACT | is a standardized test used for college admissions in the United States; test covers four academic skill areas: english, mathematics, reading, and scientific reasoning. It also offers an optional direct writing test |
| SAT | introduced in 1926, is intended to assess students' readiness for college.; and had two components, Verbal and Mathematical |
