Your or your family's wages, salaries, interest, dividends, etc., minus certain deductions
from income as reported on a federal income tax return. Commonly referred to as AGI.
The College Access Loan Program is a state loan program that provides alternative
educational loans to Texas residents. The student borrower or cosigner will need
a favorable credit evaluation.
The online application TCU uses to award nonfederal student financial aid.
A federal student loan, made through the William D. Ford Federal Direct Loan Program
that eligible students and parents borrow directly from the U.S. Department of Education
at participating schools. Direct Subsidized Loans, Direct Unsubsidized Loans, Direct
PLUS Loans, and Direct Consolidation Loans are types of Direct Loans.
A loan made by the U.S. Department of Education to graduate or professional students.
Credit approval or an approved endorser is required.
The mandatory information session completed online through studentloans.gov before
you receive your first federal student loan that explains your responsibilities and
rights as a student borrower.
This is an estimate of the total expenses for attending school for one academic year.
This estimate includes both billable and non-billable expenses.
Billable expenses are those billed by TCU and include tuition, fees, housing and meal
plan for on-campus students.
Non-billable expenses are books and supplies, transportation, other education costs
(loan fees and miscellaneous expenses), and housing and food for off-campus students.
This is the number used to determine your eligibility for federal student financial
aid. This number results from the financial information you provide in your FAFSA
form, the application for federal student aid.
The Free Application for Federal Student Aid (FAFSA) is a form completed by current
and prospective college students (undergraduate and graduate) to determine their eligibility
for student financial aid. The FAFSA is required yearly.
A loan based on financial need for which the federal government generally pays the
interest that accrues while the borrower is in an in-school, grace, or deferment status,
and during certain periods of repayment under certain income-driven repayment plans.
A loan for which the borrower is fully responsible for paying the interest regardless
of the loan status. Interest on unsubsidized loans accrues from the date of disbursement
and continues throughout the life of the loan.
A loan made by the U.S. Department of Education to parents of dependent undergraduate
students. Credit approval or an approved endorser is required.
A federal grant for undergraduate students with financial need.
An identifier the U.S. Department of Education assigns to each college or career school
that participates in the federal student aid programs. In order to send your FAFSA
information to a school, you must list the school's Federal School Code on your application.
TCU's federal school code is 003636.
Financial aid from the federal government to help you pay for education expenses at
an eligible college or career school. Grants, loans and work-study are types of federal
student aid. You must complete the FAFSA form to apply for this aid.
A federal student aid program that provides part-time employment while you are enrolled
in school to help pay your education expenses.
Includes money from the federal and state government, the institution of higher education,
and private resources that assist a family in meeting the cost of the student’s education.
Financial aid is composed of scholarships, grants, work-study and loans.
An offer from a college or career school that states the type and amount of financial
aid the school is willing to provide if you accept admission and register to take
classes at that school.
The difference between the cost of attendance (COA) at a school and your Expected
Family Contribution (EFC).
The FSA ID is a username and password login to the U.S. Department of Education systems
for students and parents, used to:
- Apply for federal student aid (FAFSA)
- Apply for PLUS Loans
- Complete a Master Promissory Note (MPN)
- Complete entrance counseling
- Access the National Student Loan Data System (NSLDS)
Funds offered to students that do not have to be repaid, unless the student fails
to meet certain terms.
Financial aid, often based on financial need, that does not need to be repaid (unless,
for example, you drop classes or withdraw from school and owe a refund).
A binding legal document that you must sign to obtain a federal student loan.
A nonfederal loan made by a lender such as a bank, credit union, state agency, or
school. Credit approval is usually required.
Money offered to students based on academic, other achievements or financial need
to help pay for education expenses. Scholarships generally do not have to be repaid.
Financial Aid in the form of loans or student employment.
Need - based grant available to Texas residents enrolled in approved private or independent
Texas colleges or universities.
The process your school uses to confirm that the data reported on your FAFSA form
is accurate. Your school has the authority to contact you for documentation that
supports income and other information that you reported.