Seniors are applying to colleges! Do you know the vocabulary of the application process?
Award Letter: This is a document sent to admitted students describing the terms of the financial aid that the college is offering them, including the types and amounts of aid offered, the conditions that govern the awards, and a deadline for accepting the awards.
Expected Family Contribution (EFC): The EFC is the amount a student’s family can reasonably be expected to pay for one year of college.
Free Application for Federal Student Aid (FAFSA): Submitting a FAFSA is a requirement for all students seeking federal financial aid. Most colleges require the FAFSA, and in many states, completion of the FAFSA is also sufficient to establish eligibility for state-sponsored aid programs.
NCAA Eligibility Center: Students who plan to play Division I or Division II sports during their freshman year of college must register with the NCAA during their senior year of high school. This registration process certifies that the student has met certain academic and other standards, as required under NCAA guidelines in order to compete and receive athletic-based financial aid.
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