Student Loans & Financial Aid info

A.A.: Associate of arts degree, That can be acquired at most 2 year colleges.
A.A.: Associate of applied science degree, That can be acquired at most 2 year colleges.
Ability to Benefit: Foundation on which person studying, with no upper secondary school certificate or comparable, can be in the running for financial support. The Department of Education upholds a listing of permitted tests which determines the persons power to profit from the curriculum in which they desire.
Academic Year: The time line schools apply in order to measure a learning amount. Each schools curriculum is different, semester hours and programs of study will vary.
Acceptance Form: Acknowledgement of receipt by student. Most of the time, the paper will include any possibility of the person being declined of any part of the deal, types of aid available, and means of asking for an appeal, that would change the letter.
Accrued Interest: Interest that builds over time when the balance of a loan is not being paid off.
ACT: American College Testing, Iowa City, Iowa.  The test that will determine if the person will or will not be able to learn what is necessary to do a certain type of job. The last two years in high school is usually when students take this test, or that SAT. The ACT or SAT , tests students in Math, English, Science, and Reading.
Actual Interest Rate: The yearly interest rate a moneylender is charging on a specific loan. The rate can be identical or less depending on the rate of the loan.
Adjusted Available Income: Following the withdraw of local, state, and federal taxes; permitted amounts of money, plus some other influences used by the Federal Need Analysis Methodology, will be the amount of the familyʼs income.
Adjusted Gross Income (AGI): Anything that is a taxable revenue that is listed on a United States revenue tax return.
Administrative Wage Garnishment:  The procedure of somebody who assumes debts, under federal law, with a failed FFELP loan can take a share of money from the debtors.
Advanced Placement (AP): High school students who have previously been enrolled in some complex classes can receive recognition and/or permanent placement in specific curriculum’s.
AFROTC: Air Force Reserve Officer Training.        
AGI: Please read Adjusted Gross Income.
American Counts and American Reads: Programs that are funded by federal government to help students that are enrolled in postsecondary schools to do business with children who are in need of help with reading and math. Students who are in college have an obligation to have filed a FAFSA and have to be approved a Federal Work-Study certificate to be in consideration for employment as a math or reading trainer at a near by elementary school.
Americorps Program: Brought together with help from the National and Community Service Act of 1993, to make a set of activities with a specific goal that gives back to those who have offered a service to the community that has offered educational rewards. Students who are enrolled in college may do activities during, after or before their curriculum, and may use the resources to pay off past or present school loans.
Annual Percentage Rate (APR): A twelve month time line in which the interest of  a loan is substantiated.
Army College Fund: A plan set up for those enlisted with specific employment and skills who achieve a fifty on their Armed Forces Vocational Aptitude Battery test to receive educational assistance.
Army Reserve Student Loan Repayment Program:  An offered plan to repay student loans that is available to inactive members of the military force; amount of reimbursement is dependent on term of service and job skills.